Lake Street Private Wealth LLC Reduces Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Lake Street Private Wealth LLC cut its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 9.9% during the first quarter, HoldingsChannel reports. The firm owned 206,259 shares of the company’s stock after selling 22,747 shares during the period. First Trust Enhanced Short Maturity ETF comprises 1.7% of Lake Street Private Wealth LLC’s investment portfolio, making the stock its 9th biggest position. Lake Street Private Wealth LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $12,297,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FTSM. Ancora Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth about $353,000. Key Client Fiduciary Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 20.7% during the third quarter. Key Client Fiduciary Advisors LLC now owns 43,614 shares of the company’s stock valued at $2,592,000 after acquiring an additional 7,480 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 72.6% during the third quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock valued at $787,000 after acquiring an additional 5,568 shares during the period. WealthPlan Investment Management LLC increased its stake in First Trust Enhanced Short Maturity ETF by 31,234.5% during the third quarter. WealthPlan Investment Management LLC now owns 74,576 shares of the company’s stock valued at $4,431,000 after acquiring an additional 74,338 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in First Trust Enhanced Short Maturity ETF by 39.2% during the third quarter. Integrated Wealth Concepts LLC now owns 297,991 shares of the company’s stock valued at $17,707,000 after acquiring an additional 83,934 shares during the period.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

FTSM traded up $0.02 on Wednesday, hitting $59.64. 612,723 shares of the stock traded hands, compared to its average volume of 832,762. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.41 and a 52 week high of $59.94. The business has a fifty day moving average price of $59.71 and a two-hundred day moving average price of $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 28th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.94 annualized dividend and a yield of 4.93%.

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.