TKG Advisors LLC Sells 6,169 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TKG Advisors LLC cut its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,312 shares of the company’s stock after selling 6,169 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 1.3% of TKG Advisors LLC’s holdings, making the stock its 24th largest holding. TKG Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,896,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FTSM. Cyndeo Wealth Partners LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $354,000. Symphony Financial Ltd. Co. lifted its stake in First Trust Enhanced Short Maturity ETF by 2.8% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 14,550 shares of the company’s stock valued at $875,000 after acquiring an additional 400 shares in the last quarter. Mainsail Financial Group LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 5.6% in the 3rd quarter. Mainsail Financial Group LLC now owns 229,857 shares of the company’s stock valued at $13,766,000 after acquiring an additional 12,197 shares in the last quarter. TFG Advisers LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $242,000. Finally, Lake Street Private Wealth LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 12.3% during the 3rd quarter. Lake Street Private Wealth LLC now owns 207,253 shares of the company’s stock worth $12,408,000 after acquiring an additional 22,719 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.90 on Wednesday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The company’s fifty day simple moving average is $59.86 and its 200-day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.