IFG Advisory LLC Sells 9,023 Shares of First Trust Enhanced Short Maturity ETF $FTSM

IFG Advisory LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,021 shares of the company’s stock after selling 9,023 shares during the period. IFG Advisory LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FTSM. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after purchasing an additional 3,600,586 shares during the period. GDS Wealth Management boosted its holdings in First Trust Enhanced Short Maturity ETF by 105.2% in the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after purchasing an additional 440,329 shares during the period. Kaydan Wealth Management Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 651.8% in the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock valued at $24,900,000 after purchasing an additional 360,223 shares during the period. Triad Wealth Partners LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 674.4% in the 4th quarter. Triad Wealth Partners LLC now owns 291,939 shares of the company’s stock valued at $17,496,000 after purchasing an additional 254,240 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $14,810,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.78 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.74 and a 52-week high of $60.14. The firm has a fifty day moving average of $59.88 and a 200-day moving average of $59.95.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th will be paid a $0.205 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend 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.