First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by Towerpoint Wealth LLC

Towerpoint Wealth LLC trimmed its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,237 shares of the company’s stock after selling 13,255 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 1.8% of Towerpoint Wealth LLC’s holdings, making the stock its 14th largest position. Towerpoint Wealth LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GDS Wealth Management boosted its holdings in 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 worth $88,131,000 after purchasing an additional 989,192 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at about $13,259,000. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after buying an additional 206,449 shares during the period. Kingsview Wealth Management LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 56.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock valued at $30,258,000 after buying an additional 182,844 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in 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 acquiring an additional 84,918 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM remained flat at $59.87 during trading hours on Thursday. 19,908 shares of the company’s stock were exchanged, compared to its average volume of 938,300. The company has a 50 day moving average of $59.87 and a 200-day moving average of $59.89. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.