First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Madden Advisory Services Inc.

Madden Advisory Services Inc. decreased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,477 shares of the company’s stock after selling 832 shares during the period. Madden Advisory Services Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FTSM. GAMMA Investing LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 5,883.3% in the first quarter. GAMMA Investing LLC now owns 3,949 shares of the company’s stock valued at $236,000 after purchasing an additional 3,883 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.4% in the first quarter. Farther Finance Advisors LLC now owns 31,351 shares of the company’s stock valued at $1,876,000 after purchasing an additional 730 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 118.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 68,787 shares of the company’s stock valued at $4,116,000 after purchasing an additional 37,319 shares during the last quarter. Simplicity Wealth LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 2,514.3% in the first quarter. Simplicity Wealth LLC now owns 180,257 shares of the company’s stock valued at $10,787,000 after purchasing an additional 173,362 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 31.6% in the first quarter. Integrated Advisors Network LLC now owns 85,152 shares of the company’s stock valued at $5,095,000 after purchasing an additional 20,470 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.96 on Wednesday. The company’s 50 day simple moving average is $60.00 and its 200-day simple moving average is $59.94. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.11.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 30th were given a $0.213 dividend. The ex-dividend date was Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.