Merkkuri Wealth Advisors LLC Decreases Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Merkkuri Wealth Advisors LLC lessened its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 29.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,700 shares of the company’s stock after selling 3,563 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $520,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GDS Wealth Management lifted its position in shares of First Trust Enhanced Short Maturity ETF by 204.9% in the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock valued at $88,131,000 after acquiring an additional 989,192 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the third quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock worth $50,159,000 after buying an additional 84,918 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 56.7% in the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after buying an additional 182,844 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in First Trust Enhanced Short Maturity ETF by 8.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 442,971 shares of the company’s stock worth $26,476,000 after acquiring an additional 33,344 shares during the last quarter. Finally, TCP Asset Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $18,798,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

NASDAQ:FTSM opened at $59.95 on Friday. The stock has a 50 day moving average price of $59.87 and a 200 day moving average price of $59.90. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

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