First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,406 shares of the company’s stock after selling 1,400 shares during the period. Park Avenue Securities LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FTSM. Marshall Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $33,000. US Bancorp DE grew its position in First Trust Enhanced Short Maturity ETF by 298.0% in the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares during the last quarter. Armis Advisers LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $205,000. World Investment Advisors bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $212,000. Finally, CacheTech Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $213,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.90 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.58 and a 12-month high of $60.16. The business has a 50 day simple moving average of $59.89 and a 200 day simple moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Friday, May 30th were paid a dividend of $0.2275 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.73 annualized dividend and a yield of 4.56%. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21.

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.