First Trust Enhanced Short Maturity ETF $FTSM Stock Position Decreased by Gradient Investments LLC

Gradient Investments LLC lessened its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 713,305 shares of the company’s stock after selling 20,671 shares during the period. Gradient Investments LLC owned approximately 0.64% of First Trust Enhanced Short Maturity ETF worth $42,449,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital Analysts LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 175.3% in the second quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after acquiring an additional 384 shares during the period. Anchor Investment Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the first quarter worth approximately $42,000. CoreCap Advisors LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the last quarter. Evolution Wealth Management Inc. grew its position in First Trust Enhanced Short Maturity ETF by 6.4% in the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after purchasing an additional 209 shares during the period. Finally, IFS Group LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at $206,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock traded up $0.03 on Thursday, reaching $59.60. The stock had a trading volume of 363,438 shares, compared to its average volume of 844,151. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.49 and a 1 year high of $60.91. The company has a 50 day simple moving average of $59.74 and a 200 day simple moving average of $59.82.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were given a $0.2050 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. 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.