First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.7% in the second quarter, Holdings Channel reports. The firm owned 756,990 shares of the company’s stock after selling 13,074 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 1.3% of IFP Advisors Inc’s investment portfolio, making the stock its 7th largest position. IFP Advisors Inc’s holdings in First Trust Enhanced Short Maturity ETF were worth $45,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC raised its stake in First Trust Enhanced Short Maturity ETF by 3.2% in the first quarter. LPL Financial LLC now owns 9,141,990 shares of the company’s stock valued at $547,057,000 after purchasing an additional 282,700 shares in the last quarter. Raymond James Financial Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 23.2% in the first quarter. Raymond James Financial Inc. now owns 3,192,327 shares of the company’s stock valued at $191,029,000 after purchasing an additional 600,198 shares in the last quarter. Royal Bank of Canada raised its stake in First Trust Enhanced Short Maturity ETF by 12.7% during the first quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock worth $157,833,000 after acquiring an additional 298,239 shares in the last quarter. Hansen & Associates Financial Group Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 43.8% during the first quarter. Hansen & Associates Financial Group Inc. now owns 1,285,331 shares of the company’s stock worth $76,966,000 after acquiring an additional 391,525 shares in the last quarter. Finally, Csenge Advisory Group raised its stake in First Trust Enhanced Short Maturity ETF by 5.0% during the first quarter. Csenge Advisory Group now owns 1,183,880 shares of the company’s stock worth $70,938,000 after acquiring an additional 55,898 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM opened at $59.97 on Friday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.11. The stock has a 50-day moving average price of $60.00 and a two-hundred day moving average price of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.213 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a c) annualized dividend and a yield of 4.3%.

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.