First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stock Holdings Trimmed by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,956 shares of the company’s stock after selling 303 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FTSM. Farmers & Merchants Investments Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $177,000. Mutual Advisors LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 73.7% in the 3rd quarter. Mutual Advisors LLC now owns 62,519 shares of the company’s stock valued at $3,751,000 after buying an additional 26,517 shares during the period. Financial Advocates Investment Management grew its position in shares of First Trust Enhanced Short Maturity ETF by 56.7% during the 3rd quarter. Financial Advocates Investment Management now owns 50,960 shares of the company’s stock valued at $3,051,000 after buying an additional 18,444 shares during the last quarter. Summit Wealth Partners LLC raised its stake in First Trust Enhanced Short Maturity ETF by 48.7% during the third quarter. Summit Wealth Partners LLC now owns 40,536 shares of the company’s stock worth $2,427,000 after acquiring an additional 13,274 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 210.0% in the third quarter. Farther Finance Advisors LLC now owns 62,900 shares of the company’s stock worth $3,766,000 after acquiring an additional 42,607 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $60.01 on Friday. The business has a 50 day moving average of $59.88 and a two-hundred day moving average 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 business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were paid a dividend of $0.226 per share. The ex-dividend date of this dividend 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.