Merit Financial Group LLC Sells 45,798 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Merit Financial Group LLC reduced its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 91.9% in the fourth quarter, HoldingsChannel reports. The firm owned 4,049 shares of the company’s stock after selling 45,798 shares during the quarter. Merit Financial Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Key Financial Inc purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $48,000. First Trust Direct Indexing L.P. bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $224,000. OneAscent Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $238,000. Finally, Acorn Wealth Advisors LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at $243,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.68 on Friday. The business has a 50-day simple moving average of $59.70 and a two-hundred day simple moving average of $59.70. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, May 1st were issued a $0.249 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, April 30th.

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.