Stratos Wealth Advisors LLC Sells 20,435 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Stratos Wealth Advisors LLC cut its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,267 shares of the company’s stock after selling 20,435 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.13% of First Trust Enhanced Short Maturity ETF worth $8,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $84,000. Brendel Financial Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.3% in the 3rd quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock valued at $342,000 after purchasing an additional 531 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after purchasing an additional 206,449 shares during the period. Centaurus Financial Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at about $119,000. Finally, Towerpoint Wealth LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.4% in the 3rd quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock valued at $4,520,000 after purchasing an additional 329 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Down 0.0 %

Shares of FTSM stock opened at $59.78 on Wednesday. The firm’s 50-day moving average is $59.87 and its 200-day moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a $0.226 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.71 annualized dividend and a yield of 4.54%.

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.