Kaydan Wealth Management Inc. Sells 132,004 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Kaydan Wealth Management Inc. lowered its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 32.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 280,383 shares of the company’s stock after selling 132,004 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 5.8% of Kaydan Wealth Management Inc.’s holdings, making the stock its 6th biggest position. Kaydan Wealth Management Inc. owned approximately 0.25% of First Trust Enhanced Short Maturity ETF worth $16,686,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BDFS Capital LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $63,291,000. Envestnet Asset Management Inc. lifted its position 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 worth $51,670,000 after buying an additional 37,830 shares in the last quarter. Gradient Investments LLC boosted 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 worth $43,840,000 after buying an additional 71,051 shares during the last quarter. &PARTNERS boosted its stake 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 worth $35,147,000 after buying an additional 220,685 shares during the last quarter. Finally, Kirkwood Financial Services purchased a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at $26,070,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock traded up $0.03 on Thursday, hitting $59.60. 345,704 shares of the stock traded hands, compared to its average volume of 843,990. The firm’s 50-day moving average price is $59.74 and its two-hundred day moving average price is $59.82. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.49 and a twelve month high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

About First Trust Enhanced Short Maturity ETF

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.