Naviter Wealth LLC Lowers Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Naviter Wealth LLC trimmed its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 75.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,332 shares of the company’s stock after selling 143,005 shares during the quarter. Naviter Wealth LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,774,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.2% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 16,956 shares of the company’s stock valued at $1,011,000 after buying an additional 200 shares during the last quarter. Claro Advisors LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at $232,000. White Wing Wealth Management bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter worth $280,000. Cambridge Advisors Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the first quarter. Cambridge Advisors Inc. now owns 16,688 shares of the company’s stock worth $995,000 after purchasing an additional 175 shares during the last quarter. Finally, Calton & Associates Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.0% during the first quarter. Calton & Associates Inc. now owns 3,858 shares of the company’s stock valued at $230,000 after purchasing an additional 350 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.01 during trading on Tuesday, hitting $59.62. 578,074 shares of the company’s stock traded hands, compared to its average volume of 834,496. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.41 and a 1 year high of $59.94. The business has a 50-day simple moving average of $59.71 and a 200-day simple moving average of $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 28th will be issued a dividend of $0.245 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, June 28th.

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.