First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 20.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,253 shares of the company’s stock after selling 1,823 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FTSM. LPL Financial LLC increased its stake in First Trust Enhanced Short Maturity ETF by 3.2% in the 1st quarter. LPL Financial LLC now owns 9,141,990 shares of the company’s stock valued at $547,057,000 after buying an additional 282,700 shares during the period. Raymond James Financial Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 23.2% in the 1st quarter. Raymond James Financial Inc. now owns 3,192,327 shares of the company’s stock valued at $191,029,000 after buying an additional 600,198 shares during the period. Royal Bank of Canada increased its stake in First Trust Enhanced Short Maturity ETF by 12.7% in the 1st quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock valued at $157,833,000 after buying an additional 298,239 shares during the period. Hansen & Associates Financial Group Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 43.8% in the 1st quarter. Hansen & Associates Financial Group Inc. now owns 1,285,331 shares of the company’s stock valued at $76,966,000 after buying an additional 391,525 shares during the period. Finally, Csenge Advisory Group increased its stake in First Trust Enhanced Short Maturity ETF by 5.0% in the 1st quarter. Csenge Advisory Group now owns 1,183,880 shares of the company’s stock valued at $70,938,000 after buying an additional 55,898 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $60.01 on Monday. The company’s fifty day moving average is $60.00 and its two-hundred day moving average is $59.94. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.69 and a 1 year high of $60.11.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 30th were paid a $0.213 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.