Advisory Alpha LLC Sells 50,123 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Advisory Alpha LLC cut its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 45.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,124 shares of the company’s stock after selling 50,123 shares during the period. Advisory Alpha LLC owned 0.06% of First Trust Enhanced Short Maturity ETF worth $3,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Csenge Advisory Group increased its position in shares of First Trust Enhanced Short Maturity ETF by 32.3% during the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock valued at $93,678,000 after purchasing an additional 382,650 shares during the last quarter. Summit Financial Wealth Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at $20,026,000. First Trust Advisors LP raised its stake in shares of First Trust Enhanced Short Maturity ETF by 22.2% in the second quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock valued at $86,386,000 after acquiring an additional 261,933 shares during the period. Titleist Asset Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at $12,745,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 108.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 393,876 shares of the company’s stock worth $23,581,000 after acquiring an additional 204,583 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.91 on Thursday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.73 and a 12 month high of $60.14. The company has a 50-day moving average price of $60.00 and a 200 day moving average price of $60.01.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were paid a dividend of $0.191 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th.

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.