ProVise Management Group LLC Lowers Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

ProVise Management Group LLC trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,359 shares of the company’s stock after selling 937 shares during the quarter. ProVise Management Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Marshall Investment Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $33,000. US Bancorp DE boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 298.0% during the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after acquiring an additional 873 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $91,000. Centaurus Financial Inc. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after acquiring an additional 527 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $159,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.96 on Thursday. The company’s 50-day simple moving average is $59.89 and its 200-day simple 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 dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 28th were given a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, February 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.