Janney Montgomery Scott LLC Lowers Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Janney Montgomery Scott LLC lessened its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 409,627 shares of the company’s stock after selling 17,825 shares during the period. Janney Montgomery Scott LLC owned about 0.40% of First Trust Enhanced Short Maturity ETF worth $24,524,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FTSM. Abich Financial Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at approximately $34,000. Tsfg LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $36,000. Hilltop National Bank purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at approximately $76,000. PSI Advisors LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,893.9% during the 2nd quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock valued at $78,000 after buying an additional 1,250 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $84,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

Shares of NASDAQ:FTSM opened at $59.82 on Tuesday. The business’s 50 day moving average price is $59.97 and its 200-day moving average price is $59.84. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.51 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, November 4th. Investors of record on Thursday, October 31st were paid a $0.241 dividend. The ex-dividend date of this dividend was Thursday, October 31st.

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.