Maridea Wealth Management LLC Lowers Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Maridea Wealth Management LLC reduced its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,326 shares of the company’s stock after selling 24,508 shares during the period. Maridea Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,242,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. McGuire Investment Group LLC grew its stake in First Trust Enhanced Short Maturity ETF by 10.2% during the third quarter. McGuire Investment Group LLC now owns 135,088 shares of the company’s stock worth $8,093,000 after buying an additional 12,466 shares during the period. Synergy Asset Management LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 184.2% in the 3rd quarter. Synergy Asset Management LLC now owns 150,827 shares of the company’s stock valued at $9,032,000 after acquiring an additional 97,749 shares during the period. Csenge Advisory Group lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 18.8% during the 3rd quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock valued at $111,506,000 after acquiring an additional 294,703 shares in the last quarter. PKS Advisory Services LLC boosted its position in First Trust Enhanced Short Maturity ETF by 117.8% during the 2nd quarter. PKS Advisory Services LLC now owns 10,379 shares of the company’s stock worth $621,000 after purchasing an additional 5,613 shares during the period. Finally, Balboa Wealth Partners boosted its position in First Trust Enhanced Short Maturity ETF by 28.6% during the 2nd quarter. Balboa Wealth Partners now owns 4,866 shares of the company’s stock worth $291,000 after purchasing an additional 1,083 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ:FTSM opened at $60.04 on Wednesday. The business’s 50-day moving average is $60.00 and its two-hundred day moving average is $60.00. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.73 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were issued a dividend of $0.205 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, January 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20.

First Trust Enhanced Short Maturity ETF Company Profile

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.