FSC Wealth Advisors LLC Sells 90,763 Shares of First Trust Enhanced Short Maturity ETF $FTSM

FSC Wealth Advisors LLC trimmed its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 90.9% in the first quarter, Holdings Channel.com reports. The firm owned 9,116 shares of the company’s stock after selling 90,763 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 10.4% of FSC Wealth Advisors LLC’s portfolio, making the stock its 3rd largest holding. FSC Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. 360 Financial Inc. grew its position in First Trust Enhanced Short Maturity ETF by 0.7% during the third quarter. 360 Financial Inc. now owns 28,589 shares of the company’s stock valued at $1,713,000 after purchasing an additional 190 shares in the last quarter. Rathbones Group PLC lifted its position in First Trust Enhanced Short Maturity ETF by 2.4% in the 3rd quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock worth $506,000 after buying an additional 200 shares in the last quarter. PMV Capital Advisers LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 4.2% during the 4th quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock valued at $297,000 after buying an additional 200 shares during the period. Proactive Wealth Strategies LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock valued at $4,014,000 after buying an additional 318 shares during the period. Finally, Principal Securities Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the 4th quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock valued at $1,885,000 after acquiring an additional 346 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

NASDAQ FTSM opened at $59.90 on Friday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.74 and a 1-year high of $60.14. The firm’s fifty day simple moving average is $59.87 and its 200-day simple moving average is $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were paid a $0.205 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.