Brown Financial Advisors Sells 5,019 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Brown Financial Advisors decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,099 shares of the company’s stock after selling 5,019 shares during the period. Brown Financial Advisors’ holdings in First Trust Enhanced Short Maturity ETF were worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FTSM. Marshall Investment Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $33,000. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $91,000. Centaurus Financial Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 26.4% in the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after buying an additional 527 shares during the period. Global Trust Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $159,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $177,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.97 on Tuesday. The stock has a 50 day moving average price of $59.87 and a 200-day moving average price of $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a $0.226 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.71 dividend on an annualized basis and a yield of 4.52%.

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.