Monument Capital Management Has $1.50 Million Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Monument Capital Management cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,127 shares of the company’s stock after selling 5,604 shares during the quarter. Monument Capital Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sachetta LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $30,000. Register Financial Advisors LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter worth approximately $38,000. Signal Advisors Wealth LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter worth approximately $205,000. Calton & Associates Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $209,000. Finally, Claro Advisors LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $232,000.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock traded up $0.03 during mid-day trading on Wednesday, reaching $59.65. 401,018 shares of the company’s stock were exchanged, compared to its average volume of 831,082. The business’s fifty day simple moving average is $59.71 and its 200 day simple moving average is $59.73. First Trust Enhanced Short Maturity ETF has a one year low of $59.41 and a one year high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 28th were paid a dividend of $0.245 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Friday, June 28th.

First Trust Enhanced Short Maturity ETF 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.