Twin Peaks Wealth Advisors LLC Has $6.14 Million Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Twin Peaks Wealth Advisors LLC reduced its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 102,650 shares of the company’s stock after selling 4,370 shares during the period. First Trust Enhanced Short Maturity ETF comprises 2.6% of Twin Peaks Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. Twin Peaks Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $6,135,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTSM. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 2.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 207,056 shares of the company’s stock worth $12,396,000 after buying an additional 4,349 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.8% during the third quarter. J.W. Cole Advisors Inc. now owns 26,514 shares of the company’s stock valued at $1,587,000 after acquiring an additional 725 shares in the last quarter. Sterling Manor Financial LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 1.9% in the third quarter. Sterling Manor Financial LLC now owns 156,466 shares of the company’s stock worth $9,368,000 after acquiring an additional 2,978 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in First Trust Enhanced Short Maturity ETF in the third quarter valued at $177,000. Finally, Valmark Advisers Inc. increased its position in First Trust Enhanced Short Maturity ETF by 38.9% during the 3rd quarter. Valmark Advisers Inc. now owns 20,799 shares of the company’s stock valued at $1,245,000 after purchasing an additional 5,824 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $59.97 on Tuesday. The firm has a fifty day simple moving average of $59.87 and a two-hundred day simple moving average of $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were paid a $0.226 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 4.52%. 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.