First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC lowered its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 24.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 228,969 shares of the company’s stock after selling 72,920 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 0.8% of Western Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Western Wealth Management LLC owned about 0.22% of First Trust Enhanced Short Maturity ETF worth $13,708,000 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. TFG Advisers LLC grew its position in First Trust Enhanced Short Maturity ETF by 3.9% during the 2nd quarter. TFG Advisers LLC now owns 4,439 shares of the company’s stock worth $266,000 after purchasing an additional 168 shares during the last quarter. 360 Financial Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 0.7% during the 2nd quarter. 360 Financial Inc. now owns 28,399 shares of the company’s stock valued at $1,700,000 after acquiring an additional 190 shares during the last quarter. Centerpoint Advisory Group lifted its position in First Trust Enhanced Short Maturity ETF by 2.1% during the 2nd quarter. Centerpoint Advisory Group now owns 12,992 shares of the company’s stock worth $778,000 after acquiring an additional 270 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 25,318 shares of the company’s stock valued at $1,519,000 after purchasing an additional 273 shares during the last quarter. Finally, Southland Equity Partners LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.9% in the second quarter. Southland Equity Partners LLC now owns 4,552 shares of the company’s stock valued at $273,000 after purchasing an additional 295 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.98 on Friday. First Trust Enhanced Short Maturity ETF has a one year low of $59.69 and a one year high of $60.14. The firm has a fifty day moving average of $60.02 and a two-hundred day moving average of $59.96.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Friday, October 31st were issued a dividend of $0.21 per share. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.