Archer Investment Corp Reduces Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Archer Investment Corp reduced its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,066 shares of the company’s stock after selling 398 shares during the quarter. Archer Investment Corp’s holdings in First Trust Enhanced Short Maturity ETF were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FTSM. Cambridge Advisors Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.0% during the second quarter. Cambridge Advisors Inc. now owns 16,861 shares of the company’s stock worth $1,005,000 after buying an additional 173 shares in the last quarter. TAP Consulting LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.3% during the second quarter. TAP Consulting LLC now owns 16,894 shares of the company’s stock worth $1,007,000 after buying an additional 214 shares in the last quarter. Naples Global Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.4% during the second quarter. Naples Global Advisors LLC now owns 16,022 shares of the company’s stock worth $958,000 after buying an additional 225 shares in the last quarter. Willner & Heller LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.3% during the second quarter. Willner & Heller LLC now owns 19,091 shares of the company’s stock worth $1,138,000 after buying an additional 237 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,202 shares of the company’s stock worth $1,025,000 after buying an additional 246 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM traded up $0.01 during midday trading on Friday, reaching $59.87. 86,562 shares of the stock were exchanged, compared to its average volume of 827,860. The stock has a 50 day moving average price of $59.95 and a 200-day moving average price of $59.84. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, November 4th. Investors of record on Thursday, October 31st were given a $0.241 dividend. The ex-dividend date of this dividend was Thursday, October 31st.

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.