Financial Enhancement Group LLC Trims Position in First Trust Enhanced Short Maturity ETF $FTSM

Financial Enhancement Group LLC decreased its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,930 shares of the company’s stock after selling 51,135 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 1.8% of Financial Enhancement Group LLC’s portfolio, making the stock its 18th biggest holding. Financial Enhancement Group LLC owned approximately 0.23% of First Trust Enhanced Short Maturity ETF worth $15,427,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FTSM. BDFS Capital LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $63,291,000. Envestnet Asset Management Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after purchasing an additional 37,830 shares in the last quarter. Gradient Investments LLC raised its stake in First Trust Enhanced Short Maturity ETF by 10.7% during the second quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock valued at $43,840,000 after purchasing an additional 71,051 shares in the last quarter. &PARTNERS lifted its position in First Trust Enhanced Short Maturity ETF by 60.2% during the fourth quarter. &PARTNERS now owns 587,006 shares of the company’s stock valued at $35,147,000 after purchasing an additional 220,685 shares during the last quarter. Finally, Kirkwood Financial Services bought a new position in First Trust Enhanced Short Maturity ETF during the second quarter valued at $26,070,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM traded up $0.03 on Thursday, reaching $59.61. The company’s stock had a trading volume of 1,282,179 shares, compared to its average volume of 849,013. The company has a 50-day simple moving average of $59.74 and a 200 day simple moving average of $59.82. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.49 and a 52-week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a $0.2050 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a yield of 4.1%. The ex-dividend date was Wednesday, September 30th.

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.