Gradient Investments LLC Trims Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gradient Investments LLC lessened its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 534,545 shares of the company’s stock after selling 71,871 shares during the period. Gradient Investments LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $31,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FTSM. Mattson Financial Services LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at $698,000. NewEdge Advisors LLC grew its position in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 311,079 shares of the company’s stock valued at $18,540,000 after acquiring an additional 13,539 shares in the last quarter. UMB Bank n.a. purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $84,000. Brendel Financial Advisors LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 10.3% during the third quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock worth $342,000 after purchasing an additional 531 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $119,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

Shares of FTSM opened at $59.95 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The firm’s 50 day moving average price is $59.87 and its 200 day moving average price is $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.233 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

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.