Commonwealth Financial Services LLC cut its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report) by 92.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,485 shares of the company’s stock after selling 1,010,659 shares during the period. First Trust Enhanced Short Maturity ETF comprises approximately 0.8% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 25th biggest holding. Commonwealth Financial Services LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $4,611,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of FTSM. Envestnet Asset Management Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after acquiring an additional 37,830 shares during the period. Gradient Investments LLC raised its stake in First Trust Enhanced Short Maturity ETF by 10.7% in the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after purchasing an additional 71,051 shares in the last quarter. Kirkwood Financial Services bought a new position in shares of First Trust Enhanced Short Maturity ETF during the second quarter worth approximately $26,070,000. Summit Financial Wealth Advisors LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 45.0% in the third quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock valued at $25,145,000 after buying an additional 131,083 shares during the period. Finally, Uptick Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 23.4% in the first quarter. Uptick Partners LLC now owns 386,047 shares of the company’s stock worth $23,078,000 after purchasing an additional 73,323 shares during the period.
First Trust Enhanced Short Maturity ETF Trading Down 0.0%
First Trust Enhanced Short Maturity ETF stock traded down $0.01 during trading hours on Tuesday, reaching $59.66. 276,439 shares of the stock were exchanged, compared to its average volume of 839,619. The stock has a 50 day moving average of $59.72 and a two-hundred day moving average of $59.80. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.49 and a twelve month high of $60.91.
First Trust Enhanced Short Maturity ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a dividend of $0.2050 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.46 annualized dividend and a yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.
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.
Featured Stories
- Five stocks we like better than First Trust Enhanced Short Maturity ETF
- IonQ’s Bold Expansion Could Leave Shareholders Paying the Price
- Powering Up: Applied Digital Execs Buy $6.7M in Stock
- Chip Stocks Are Sliding—Why Is Smart Money Buying?
- Adults Are Fueling a Toy Boom—These 4 Stocks Could Cash In
Want to see what other hedge funds are holding FTSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report).
Receive News & Ratings for First Trust Enhanced Short Maturity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Enhanced Short Maturity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
