Gray Wealth Management Inc. Sells 4,152 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gray Wealth Management Inc. lowered its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.9% during the 4th quarter, Holdings Channel reports. The firm owned 30,845 shares of the company’s stock after selling 4,152 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 0.9% of Gray Wealth Management Inc.’s investment portfolio, making the stock its 25th largest holding. Gray Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FTSM. 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 position in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $43,000. FMR LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 71,500.0% during the first quarter. FMR LLC now owns 716 shares of the company’s stock valued at $43,000 after buying an additional 715 shares during the period. Parkside Financial Bank & Trust bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth approximately $48,000. Finally, Salem Investment Counselors Inc. bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $58,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock traded up $0.03 during trading on Thursday, reaching $59.71. 713,466 shares of the company traded hands, compared to its average volume of 974,064. The business has a 50 day simple moving average of $59.73 and a 200 day simple moving average of $59.69. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.40 and a 12 month high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.