Strid Group LLC Reduces Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Strid Group LLC lessened its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,501 shares of the company’s stock after selling 496 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 0.2% of Strid Group LLC’s portfolio, making the stock its 26th largest holding. Strid Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GDS Wealth Management lifted its stake in First Trust Enhanced Short Maturity ETF by 204.9% during the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock worth $88,131,000 after purchasing an additional 989,192 shares during the last quarter. TCP Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $18,798,000. Holistic Planning LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 1,689.7% in the fourth quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock worth $15,624,000 after buying an additional 246,803 shares in the last quarter. JPMorgan Chase & Co. grew its position in First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after acquiring an additional 206,449 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its position in First Trust Enhanced Short Maturity ETF by 56.7% during the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock valued at $30,258,000 after acquiring an additional 182,844 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.81 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 has a 50 day moving average price of $59.86 and a 200-day moving average price of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were paid a $0.226 dividend. This represents a $2.71 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Friday, January 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.