First Trust Enhanced Short Maturity ETF $FTSM Position Decreased by Gradient Investments LLC

Gradient Investments LLC decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.8% in the third quarter, HoldingsChannel reports. The fund owned 713,305 shares of the company’s stock after selling 20,671 shares during the quarter. Gradient Investments LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $42,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sigma Planning Corp lifted its position in shares of First Trust Enhanced Short Maturity ETF by 46.7% in the first quarter. Sigma Planning Corp now owns 101,163 shares of the company’s stock worth $6,048,000 after buying an additional 32,207 shares in the last quarter. Citadel Advisors LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter worth approximately $4,849,000. NewEdge Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 355,145 shares of the company’s stock worth $21,213,000 after acquiring an additional 22,340 shares in the last quarter. SageGuard Financial Group LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $5,012,000. Finally, Uptick Partners LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 23.4% during the 1st quarter. Uptick Partners LLC now owns 386,047 shares of the company’s stock valued at $23,078,000 after acquiring an additional 73,323 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock traded up $0.03 on Thursday, reaching $59.60. The company’s stock had a trading volume of 363,438 shares, compared to its average volume of 844,151. The stock’s fifty day simple moving average is $59.74 and its 200-day simple moving average is $59.82. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.49 and a 1 year high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a $0.2050 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.