IFP Advisors Inc Sells 77,742 Shares of First Trust Enhanced Short Maturity ETF $FTSM

IFP Advisors Inc cut its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 334,919 shares of the company’s stock after selling 77,742 shares during the period. IFP Advisors Inc owned approximately 0.30% of First Trust Enhanced Short Maturity ETF worth $19,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.1% in the third quarter. Ellsworth Advisors LLC now owns 245,440 shares of the company’s stock worth $14,606,000 after acquiring an additional 9,748 shares in the last quarter. Iams Wealth Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth about $761,000. Blueline Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 49.0% during the 3rd quarter. Blueline Advisors LLC now owns 5,398 shares of the company’s stock valued at $321,000 after purchasing an additional 1,774 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 45.0% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock valued at $25,145,000 after purchasing an additional 131,083 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 122,189 shares of the company’s stock valued at $7,271,000 after purchasing an additional 6,894 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM opened at $59.67 on Friday. The stock has a 50 day simple moving average of $59.72 and a 200 day simple moving average of $59.80. 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 announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2050 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date was Wednesday, September 30th. This represents a $2.46 annualized dividend and a yield of 4.1%.

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.