TD Capital Management LLC Sells 17,120 Shares of First Trust Enhanced Short Maturity ETF $FTSM

TD Capital Management LLC lessened its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,418 shares of the company’s stock after selling 17,120 shares during the period. TD Capital Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $7,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTSM. Newbridge Financial Services Group Inc. boosted its position in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares during the period. Blair William & Co. IL increased its position in shares of First Trust Enhanced Short Maturity ETF by 195.9% during the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after acquiring an additional 482 shares during the period. Blue Trust Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $46,000. Kelleher Financial Advisors bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $55,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $67,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1%

Shares of NASDAQ FTSM opened at $59.87 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.74 and a 52-week high of $60.14. The stock has a 50 day moving average price of $59.87 and a 200 day moving average price of $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.