Kestra Private Wealth Services LLC Trims Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Kestra Private Wealth Services LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 282,542 shares of the company’s stock after selling 37,862 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $16,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Naviter Wealth LLC increased its position in First Trust Enhanced Short Maturity ETF by 6.4% during the fourth quarter. Naviter Wealth LLC now owns 189,337 shares of the company’s stock worth $11,296,000 after buying an additional 11,348 shares during the period. Silver Oak Securities Incorporated boosted its stake in First Trust Enhanced Short Maturity ETF by 22.7% during the 4th quarter. Silver Oak Securities Incorporated now owns 24,528 shares of the company’s stock worth $1,463,000 after purchasing an additional 4,535 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $291,000. Citizens Financial Group Inc. RI grew its position in First Trust Enhanced Short Maturity ETF by 1.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 72,913 shares of the company’s stock worth $4,350,000 after purchasing an additional 834 shares during the last quarter. Finally, Herold Advisors Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $770,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.01 during trading on Monday, hitting $59.79. The company had a trading volume of 713,349 shares, compared to its average volume of 949,873. The firm has a 50-day moving average price of $59.72 and a 200-day moving average price of $59.70. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.40 and a 1-year high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, April 1st were issued a $0.249 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, March 28th.

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.