RiverTree Advisors LLC Sells 49,868 Shares of First Trust Enhanced Short Maturity ETF $FTSM

RiverTree Advisors LLC decreased its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMFree Report) by 28.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,938 shares of the company’s stock after selling 49,868 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 4.7% of RiverTree Advisors LLC’s holdings, making the stock its 3rd biggest holding. RiverTree Advisors LLC owned about 0.12% of First Trust Enhanced Short Maturity ETF worth $7,365,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FTSM. Newbridge Financial Services Group Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 423 shares in the last quarter. CX Institutional purchased a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth about $35,000. Root Financial Partners LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $113,000. EverSource Wealth Advisors LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after buying an additional 2,966 shares during the period. Finally, Encompass Wealth Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth about $200,000.

First Trust Enhanced Short Maturity ETF Stock Down 0.3%

Shares of NASDAQ:FTSM opened at $59.93 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.69 and a fifty-two week high of $60.14. The firm’s 50 day moving average price is $60.00 and its 200 day moving average price is $60.00.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th will be given a dividend of $0.205 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.1%.

First Trust Enhanced Short Maturity ETF Profile

(Free Report)

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.

Further Reading

Institutional Ownership by Quarter for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

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