Stephens Inc. AR Has $1.86 Million Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Stephens Inc. AR trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 15.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,045 shares of the company’s stock after selling 5,605 shares during the period. Stephens Inc. AR’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,856,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moloney Securities Asset Management LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 4.7% in the 4th quarter. Moloney Securities Asset Management LLC now owns 93,873 shares of the company’s stock valued at $5,611,000 after acquiring an additional 4,252 shares in the last quarter. Opinicus Capital Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $245,000. TFG Advisers LLC lifted its position in First Trust Enhanced Short Maturity ETF by 5.1% during the fourth quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock worth $254,000 after purchasing an additional 208 shares during the period. Mainsail Financial Group LLC grew its stake in First Trust Enhanced Short Maturity ETF by 6.6% during the fourth quarter. Mainsail Financial Group LLC now owns 245,046 shares of the company’s stock worth $14,646,000 after buying an additional 15,189 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $3,324,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.83 on Wednesday. The company has a 50 day moving average of $59.86 and a 200-day moving average of $59.91. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.54 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a $0.226 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Friday, January 31st.

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.