Concurrent Investment Advisors LLC Decreases Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Concurrent Investment Advisors LLC trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 95.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 129,629 shares of the company’s stock after selling 2,461,270 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $7,744,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FTSM. Newbridge Financial Services Group Inc. raised its position in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 423 shares during the period. Anchor Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter worth $42,000. Blair William & Co. IL boosted its position in First Trust Enhanced Short Maturity ETF by 195.9% during the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after buying an additional 482 shares during the period. Kelleher Financial Advisors purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $67,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of NASDAQ:FTSM opened at $59.72 on Friday. The stock’s 50-day moving average price is $59.81 and its 200-day moving average price is $59.87. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.67 and a 12-month high of $60.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 31st were issued a dividend of $0.204 per share. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 4.1%.

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.