Uncommon Cents Investing LLC Has $1.37 Million Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Uncommon Cents Investing LLC lowered its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,895 shares of the company’s stock after selling 265 shares during the period. Uncommon Cents Investing LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,366,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Osborne Partners Capital Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $251,000. Strait & Sound Wealth Management LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 35.0% in the second quarter. Strait & Sound Wealth Management LLC now owns 16,268 shares of the company’s stock valued at $966,000 after purchasing an additional 4,216 shares in the last quarter. Certified Advisory Corp raised its stake in shares of First Trust Enhanced Short Maturity ETF by 16.7% in the second quarter. Certified Advisory Corp now owns 7,000 shares of the company’s stock valued at $416,000 after purchasing an additional 1,000 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth $1,301,000. Finally, Industrial Alliance Investment Management Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 72.6% during the third quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock worth $787,000 after buying an additional 5,568 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.62 on Friday. The firm has a fifty day moving average of $59.77 and a 200-day moving average of $59.68. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.40 and a 52-week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Monday, April 1st will be issued a dividend of $0.249 per share. The ex-dividend date is Thursday, March 28th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%.

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.