Commonwealth Equity Services LLC Sells 181,171 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Commonwealth Equity Services LLC lowered its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 607,657 shares of the company’s stock after selling 181,171 shares during the period. Commonwealth Equity Services LLC owned about 0.59% of First Trust Enhanced Short Maturity ETF worth $36,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FTSM. Abich Financial Wealth Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the second quarter worth about $34,000. Tsfg LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at about $36,000. Register Financial Advisors LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $38,000. Hilltop National Bank bought a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter worth $76,000. Finally, PSI Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 1,893.9% in the 2nd quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock worth $78,000 after acquiring an additional 1,250 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.99 on Monday. The company’s 50 day moving average is $59.96 and its 200 day moving average is $59.82. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.43 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th were paid a dividend of $0.247 per share. This represents a $2.96 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Friday, August 30th.

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.