Uncommon Cents Investing LLC Sells 175 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Uncommon Cents Investing LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,720 shares of the company’s stock after selling 175 shares during the period. Uncommon Cents Investing LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FTSM. Mach 1 Financial Group LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $265,000. Dynamic Advisor Solutions LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $1,301,000. Cedrus LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 16.5% during the 4th quarter. Cedrus LLC now owns 14,220 shares of the company’s stock worth $848,000 after acquiring an additional 2,010 shares during the period. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $12,675,000. Finally, Herold Advisors Inc. bought a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $770,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM traded up $0.02 during trading hours on Thursday, reaching $59.64. The company had a trading volume of 614,423 shares, compared to its average volume of 832,762. The stock has a 50-day moving average of $59.71 and a two-hundred day moving average of $59.73. First Trust Enhanced Short Maturity ETF has a one year low of $59.41 and a one year high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 28th were paid a $0.245 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Friday, June 28th.

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.