Spire Wealth Management Sells 67,165 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Spire Wealth Management lowered its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 47.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 73,155 shares of the company’s stock after selling 67,165 shares during the period. Spire Wealth Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $4,380,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Arkadios Wealth Advisors grew its position in shares of First Trust Enhanced Short Maturity ETF by 51.0% in the second quarter. Arkadios Wealth Advisors now owns 48,242 shares of the company’s stock valued at $2,888,000 after purchasing an additional 16,292 shares during the last quarter. Daymark Wealth Partners LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 10.3% during the 2nd quarter. Daymark Wealth Partners LLC now owns 94,498 shares of the company’s stock worth $5,658,000 after purchasing an additional 8,824 shares during the last quarter. GGM Financials LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at $8,565,000. Moloney Securities Asset Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 3.4% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 127,115 shares of the company’s stock valued at $7,610,000 after purchasing an additional 4,166 shares during the period. Finally, Paragon Advisors LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at $63,815,000.

First Trust Enhanced Short Maturity ETF Trading Down 0.0%

FTSM stock opened at $60.11 on Thursday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.69 and a fifty-two week high of $60.14. The business’s fifty day moving average price is $60.03 and its two-hundred day moving average price is $59.96.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 30th were paid a $0.213 dividend. The ex-dividend date 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.