Family Capital Management Inc. Sells 44,227 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Family Capital Management Inc. lowered its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 35.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,398 shares of the company’s stock after selling 44,227 shares during the period. First Trust Enhanced Short Maturity ETF makes up approximately 3.4% of Family Capital Management Inc.’s holdings, making the stock its 9th biggest position. Family Capital Management Inc. owned about 0.07% of First Trust Enhanced Short Maturity ETF worth $4,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $28,000. Key Financial Inc bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $43,000. FMR LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 71,500.0% in the first quarter. FMR LLC now owns 716 shares of the company’s stock valued at $43,000 after purchasing an additional 715 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth $48,000. Finally, Salem Investment Counselors Inc. acquired a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $58,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of FTSM stock traded up $0.03 during mid-day trading on Thursday, reaching $59.71. The company’s stock had a trading volume of 713,466 shares, compared to its average volume of 974,064. The firm’s 50-day moving average is $59.73 and its two-hundred day moving average is $59.69. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.40 and a 1-year high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, April 1st were issued a dividend of $0.249 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Thursday, March 28th.

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.