Summit Wealth Partners LLC Sells 3,423 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Summit Wealth Partners LLC trimmed its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,262 shares of the company’s stock after selling 3,423 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTSM. Cambridge Advisors Inc. raised its position in First Trust Enhanced Short Maturity ETF by 1.0% during the 2nd quarter. Cambridge Advisors Inc. now owns 16,861 shares of the company’s stock valued at $1,005,000 after purchasing an additional 173 shares during the last quarter. Naples Global Advisors LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 1.2% in the first quarter. Naples Global Advisors LLC now owns 15,797 shares of the company’s stock worth $945,000 after acquiring an additional 185 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in First Trust Enhanced Short Maturity ETF by 1.2% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 16,956 shares of the company’s stock valued at $1,011,000 after acquiring an additional 200 shares in the last quarter. TAP Consulting LLC increased its position in First Trust Enhanced Short Maturity ETF by 1.3% during the 2nd quarter. TAP Consulting LLC now owns 16,894 shares of the company’s stock valued at $1,007,000 after purchasing an additional 214 shares during the period. Finally, Willner & Heller LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1.3% in the 2nd quarter. Willner & Heller LLC now owns 19,091 shares of the company’s stock worth $1,138,000 after purchasing an additional 237 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.91 on Wednesday. The company has a 50-day simple moving average of $59.94 and a two-hundred day simple moving average of $59.80. First Trust Enhanced Short Maturity ETF has a one year low of $59.41 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 30th were paid a $0.247 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.96 annualized dividend and a yield of 4.95%.

First Trust Enhanced Short Maturity ETF 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.