LPL Financial LLC Cuts Position in First Trust Enhanced Short Maturity ETF $FTSM

LPL Financial LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,899,825 shares of the company’s stock after selling 474,726 shares during the period. LPL Financial LLC owned about 0.09% of First Trust Enhanced Short Maturity ETF worth $533,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTSM. EverSource Wealth Advisors LLC grew its position in First Trust Enhanced Short Maturity ETF by 148,300.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after acquiring an additional 2,966 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the second quarter worth $905,000. Jane Street Group LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the second quarter worth $3,843,000. Bank of America Corp DE grew its position in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after acquiring an additional 110,033 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in First Trust Enhanced Short Maturity ETF by 6.8% in the second quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock worth $2,612,000 after acquiring an additional 2,780 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ:FTSM opened at $59.81 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.74 and a 52-week high of $60.14. The firm has a fifty day moving average of $59.87 and a 200 day moving average of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were given a $0.205 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend 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.