Financial Enhancement Group LLC Reduces Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Financial Enhancement Group LLC decreased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,339 shares of the company’s stock after selling 35,280 shares during the period. First Trust Enhanced Short Maturity ETF makes up about 1.9% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 14th largest position. Financial Enhancement Group LLC owned 0.24% of First Trust Enhanced Short Maturity ETF worth $15,779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 3.4% during the 1st quarter. Hilton Head Capital Partners LLC now owns 269,246 shares of the company’s stock worth $16,096,000 after purchasing an additional 8,826 shares during the period. RFG Advisory LLC raised its position in First Trust Enhanced Short Maturity ETF by 3.6% in the 1st quarter. RFG Advisory LLC now owns 56,790 shares of the company’s stock worth $3,395,000 after purchasing an additional 1,995 shares during the period. Signal Advisors Wealth LLC raised its position in First Trust Enhanced Short Maturity ETF by 45.6% in the 1st quarter. Signal Advisors Wealth LLC now owns 15,015 shares of the company’s stock worth $898,000 after purchasing an additional 4,702 shares during the period. Balboa Wealth Partners lifted its stake in First Trust Enhanced Short Maturity ETF by 564.2% in the first quarter. Balboa Wealth Partners now owns 304,852 shares of the company’s stock worth $18,224,000 after purchasing an additional 258,957 shares during the last quarter. Finally, Paladin Wealth LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 3.2% in the first quarter. Paladin Wealth LLC now owns 22,562 shares of the company’s stock worth $1,349,000 after purchasing an additional 699 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $59.89 on Thursday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.74 and a 1 year high of $60.14. The business has a 50 day simple moving average of $59.87 and a two-hundred day simple moving average of $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were paid a dividend of $0.205 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 29th.

First Trust Enhanced Short Maturity ETF 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.