30,547 First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC reduced its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 239,861 shares of the company’s stock after selling 30,547 shares during the period. Kestra Advisory Services LLC owned about 0.21% of First Trust Enhanced Short Maturity ETF worth $14,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $75,573,000. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock worth $51,670,000 after buying an additional 37,830 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.7% in the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after buying an additional 71,051 shares in the last quarter. Tucker Asset Management LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 3.9% during the 3rd quarter. Tucker Asset Management LLC now owns 614,144 shares of the company’s stock worth $36,548,000 after buying an additional 23,137 shares during the period. Finally, Kirkwood Financial Services bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $26,070,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.66 on Monday. The stock’s fifty day simple moving average is $59.67 and its 200 day simple moving average is $59.83. First Trust Enhanced Short Maturity ETF has a one year low of $59.49 and a one year high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 3rd. Shareholders of record on Friday, October 30th were issued a dividend of $0.2140 per share. The ex-dividend date of this dividend was Friday, October 30th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.3%.

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.