Ameriprise Financial Inc. Has $815,000 Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Ameriprise Financial Inc. trimmed its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 75.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,633 shares of the company’s stock after selling 41,432 shares during the quarter. Ameriprise Financial Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTSM. Raymond James Financial Inc. acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $154,932,000. LPL Financial LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock worth $529,520,000 after buying an additional 490,772 shares during the period. Independent Advisor Alliance acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $27,777,000. Holistic Planning LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 1,689.7% during the 4th quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock worth $15,624,000 after buying an additional 246,803 shares during the period. Finally, Truist Financial Corp grew its position in shares of First Trust Enhanced Short Maturity ETF by 67.9% during the 4th quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock worth $30,923,000 after buying an additional 209,257 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.82 on Tuesday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.58 and a 1 year high of $60.16. The business has a 50-day moving average of $59.90 and a 200-day moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, May 30th will be given a dividend of $0.2275 per share. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. This represents a $2.73 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Friday, May 30th.

About First Trust Enhanced Short Maturity ETF

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.