Luken Investment Analytics LLC Sells 22,785 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Luken Investment Analytics LLC lessened its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 27.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 61,423 shares of the company’s stock after selling 22,785 shares during the period. First Trust Enhanced Short Maturity ETF accounts for about 1.7% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 16th biggest holding. Luken Investment Analytics LLC owned approximately 0.06% of First Trust Enhanced Short Maturity ETF worth $3,677,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 36.6% during the 1st quarter. BNP Paribas Financial Markets now owns 121,180 shares of the company’s stock worth $7,225,000 after acquiring an additional 32,467 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 4.8% during the first quarter. Janney Montgomery Scott LLC now owns 384,495 shares of the company’s stock valued at $22,924,000 after buying an additional 17,455 shares during the period. TFB Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $241,000. Csenge Advisory Group raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 5.7% in the first quarter. Csenge Advisory Group now owns 1,053,209 shares of the company’s stock worth $62,792,000 after buying an additional 57,170 shares during the period. Finally, Advisory Alpha LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $2,592,000.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock traded up $0.01 during mid-day trading on Friday, hitting $59.80. The company’s stock had a trading volume of 542,939 shares, compared to its average volume of 830,041. First Trust Enhanced Short Maturity ETF has a one year low of $59.47 and a one year high of $60.16. The company has a 50 day moving average of $59.97 and a 200-day moving average of $59.83.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 31st will be paid a $0.241 dividend. The ex-dividend date of this dividend is Thursday, October 31st.

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.