Bellevue Asset Management LLC Sells 1,660 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Bellevue Asset Management LLC trimmed its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 46,501 shares of the company’s stock after selling 1,660 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 1.4% of Bellevue Asset Management LLC’s holdings, making the stock its 14th biggest position. Bellevue Asset Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FTSM. Edge Financial Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the first quarter worth about $231,000. J.W. Cole Advisors Inc. increased its position in First Trust Enhanced Short Maturity ETF by 157.1% during the first quarter. J.W. Cole Advisors Inc. now owns 22,266 shares of the company’s stock worth $1,328,000 after acquiring an additional 13,607 shares during the period. Private Advisor Group LLC increased its position in First Trust Enhanced Short Maturity ETF by 1.7% during the first quarter. Private Advisor Group LLC now owns 300,089 shares of the company’s stock worth $17,891,000 after acquiring an additional 4,967 shares during the period. Centric Wealth Management increased its position in First Trust Enhanced Short Maturity ETF by 2.5% during the first quarter. Centric Wealth Management now owns 12,962 shares of the company’s stock worth $772,000 after acquiring an additional 315 shares during the period. Finally, BNP Paribas Financial Markets increased its position in First Trust Enhanced Short Maturity ETF by 36.6% during the first quarter. BNP Paribas Financial Markets now owns 121,180 shares of the company’s stock worth $7,225,000 after acquiring an additional 32,467 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $60.03 on Thursday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.43 and a 12 month high of $60.16. The company’s 50-day moving average price is $59.98 and its two-hundred day moving average price is $59.83.

First Trust Enhanced Short Maturity ETF Dividend Announcement

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