Kovack Advisors Inc. Sells 482 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Kovack Advisors Inc. lowered its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,945 shares of the company’s stock after selling 482 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGuire Investment Group LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 16.1% in the second quarter. McGuire Investment Group LLC now owns 122,622 shares of the company’s stock valued at $7,341,000 after purchasing an additional 16,968 shares during the last quarter. Orion Capital Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at about $374,000. Balboa Wealth Partners increased its holdings in First Trust Enhanced Short Maturity ETF by 28.6% in the second quarter. Balboa Wealth Partners now owns 4,866 shares of the company’s stock valued at $291,000 after purchasing an additional 1,083 shares during the last quarter. Mutual Advisors LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 51.4% in the second quarter. Mutual Advisors LLC now owns 124,908 shares of the company’s stock valued at $7,497,000 after purchasing an additional 42,424 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its holdings in First Trust Enhanced Short Maturity ETF by 6.9% in the second quarter. Silver Oak Securities Incorporated now owns 25,860 shares of the company’s stock valued at $1,548,000 after purchasing an additional 1,679 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Down 0.3%

NASDAQ FTSM opened at $59.91 on Friday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.14. The stock has a 50-day simple moving average of $60.03 and a 200 day simple moving average of $59.96.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Friday, October 31st will be paid a $0.21 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 31st.

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.