1834 Investment Advisors Co. Reduces Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

1834 Investment Advisors Co. lessened its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 33.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,847 shares of the company’s stock after selling 8,296 shares during the quarter. 1834 Investment Advisors Co.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,009,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FTSM. BNP Paribas Financial Markets grew its position in shares of First Trust Enhanced Short Maturity ETF by 36.6% in the first quarter. BNP Paribas Financial Markets now owns 121,180 shares of the company’s stock valued at $7,225,000 after purchasing an additional 32,467 shares in the last quarter. Advisory Alpha LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at about $2,592,000. Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 10.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,668 shares of the company’s stock valued at $1,232,000 after buying an additional 1,893 shares during the period. Hansen & Associates Financial Group Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 31.1% in the first quarter. Hansen & Associates Financial Group Inc. now owns 802,550 shares of the company’s stock worth $47,920,000 after buying an additional 190,510 shares in the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the first quarter. Inspire Advisors LLC now owns 8,323 shares of the company’s stock worth $496,000 after buying an additional 367 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

Shares of NASDAQ:FTSM opened at $59.83 on Wednesday. The company has a 50 day moving average of $59.96 and a 200 day moving average of $59.84. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.51 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, November 4th. Stockholders of record on Thursday, October 31st were given a dividend of $0.241 per share. The ex-dividend date was Thursday, October 31st.

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.