Welch & Forbes LLC Sells 11,286 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Welch & Forbes LLC reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,872 shares of the company’s stock after selling 11,286 shares during the period. Welch & Forbes LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FTSM. LPL Financial LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.3% during the third quarter. LPL Financial LLC now owns 8,722,953 shares of the company’s stock worth $518,318,000 after buying an additional 195,687 shares in the last quarter. International Assets Investment Management LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 3,702.2% during the 4th quarter. International Assets Investment Management LLC now owns 2,990,367 shares of the company’s stock valued at $178,405,000 after purchasing an additional 2,911,719 shares in the last quarter. Csenge Advisory Group raised its position in First Trust Enhanced Short Maturity ETF by 5.9% in the 3rd quarter. Csenge Advisory Group now owns 962,980 shares of the company’s stock valued at $57,220,000 after purchasing an additional 53,748 shares during the last quarter. Mariner LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 1.5% in the third quarter. Mariner LLC now owns 805,513 shares of the company’s stock worth $47,864,000 after purchasing an additional 12,143 shares in the last quarter. Finally, Gradient Investments LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.0% during the third quarter. Gradient Investments LLC now owns 674,587 shares of the company’s stock worth $40,084,000 after purchasing an additional 6,733 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM remained flat at $59.65 during midday trading on Tuesday. The stock had a trading volume of 652,628 shares, compared to its average volume of 948,220. The stock’s fifty day simple moving average is $59.70 and its two-hundred day simple moving average is $59.70. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.40 and a 52 week high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, May 1st were given a $0.249 dividend. The ex-dividend date was Tuesday, April 30th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.24.

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.