RiverTree Advisors LLC Sells 991 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

RiverTree Advisors LLC lowered its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,859 shares of the company’s stock after selling 991 shares during the period. First Trust Enhanced Short Maturity ETF comprises 11.6% of RiverTree Advisors LLC’s investment portfolio, making the stock its biggest position. RiverTree Advisors LLC owned approximately 0.28% of First Trust Enhanced Short Maturity ETF worth $17,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Impact Partnership Wealth LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $1,084,000. Global Assets Advisory LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $785,000. Great Lakes Retirement Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 145.8% in the 3rd quarter. Great Lakes Retirement Inc. now owns 38,840 shares of the company’s stock valued at $2,335,000 after buying an additional 23,039 shares during the period. Lake Street Private Wealth LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 12.3% in the 3rd quarter. Lake Street Private Wealth LLC now owns 207,253 shares of the company’s stock valued at $12,408,000 after buying an additional 22,719 shares during the period. Finally, TFG Advisers LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $242,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.02 during midday trading on Thursday, hitting $59.99. 96,520 shares of the stock were exchanged, compared to its average volume of 834,585. The stock’s 50-day moving average price is $59.97 and its 200-day moving average price is $59.82. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.43 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th were given a dividend of $0.247 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Friday, August 30th.

First Trust Enhanced Short Maturity ETF Company 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.