GDS Wealth Management Sells 281,872 Shares of First Trust Enhanced Short Maturity ETF $FTSM

GDS Wealth Management trimmed its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 50.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,758 shares of the company’s stock after selling 281,872 shares during the period. GDS Wealth Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $16,629,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its stake in First Trust Enhanced Short Maturity ETF by 11.2% in the second quarter. Rockefeller Capital Management L.P. now owns 155,331 shares of the company’s stock valued at $9,300,000 after acquiring an additional 15,658 shares during the period. Avantax Advisory Services Inc. grew its position in First Trust Enhanced Short Maturity ETF by 3.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 296,336 shares of the company’s stock valued at $17,742,000 after purchasing an additional 8,505 shares during the period. Opinicus Capital Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 173.5% during the 2nd quarter. Opinicus Capital Inc. now owns 13,092 shares of the company’s stock valued at $784,000 after purchasing an additional 8,305 shares in the last quarter. Petix & Botte Co raised its holdings in First Trust Enhanced Short Maturity ETF by 5.0% during the second quarter. Petix & Botte Co now owns 231,774 shares of the company’s stock worth $13,877,000 after buying an additional 10,965 shares during the last quarter. Finally, Fund Evaluation Group LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at $226,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

FTSM stock opened at $60.01 on Thursday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.14. The business has a 50-day simple moving average of $60.02 and a two-hundred day simple moving average of $59.97.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.