GK Wealth Management LLC Decreases Holdings in First Trust Enhanced Short Maturity ETF $FTSM

GK Wealth Management LLC cut its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,342 shares of the company’s stock after selling 761 shares during the period. GK Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $260,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Concorde Asset Management LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 1,243.9% during the 1st quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock valued at $69,717,000 after purchasing an additional 1,078,906 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 23.2% during the first quarter. Raymond James Financial Inc. now owns 3,192,327 shares of the company’s stock valued at $191,029,000 after buying an additional 600,198 shares during the last quarter. IFP Advisors Inc increased its holdings in First Trust Enhanced Short Maturity ETF by 118.2% during the first quarter. IFP Advisors Inc now owns 770,064 shares of the company’s stock valued at $46,081,000 after buying an additional 417,113 shares during the last quarter. Hansen & Associates Financial Group Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 43.8% during the first quarter. Hansen & Associates Financial Group Inc. now owns 1,285,331 shares of the company’s stock valued at $76,966,000 after buying an additional 391,525 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 1,469.9% during the first quarter. Flagship Harbor Advisors LLC now owns 323,099 shares of the company’s stock valued at $19,334,000 after buying an additional 302,518 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $60.01 on Thursday. The business has a 50-day simple moving average of $59.96 and a two-hundred day simple moving average of $59.93. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.69 and a 52 week high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 29th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a yield of 4.4%. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.22.

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.