Foundations Investment Advisors LLC Sells 20,720 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Foundations Investment Advisors LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 14.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,365 shares of the company’s stock after selling 20,720 shares during the quarter. Foundations Investment Advisors LLC owned about 0.12% of First Trust Enhanced Short Maturity ETF worth $7,174,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FTSM. EdgeRock Capital LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $1,161,000. GDS Wealth Management bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $23,473,000. Concourse Financial Group Securities Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 8.1% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 225,268 shares of the company’s stock valued at $13,440,000 after acquiring an additional 16,789 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $2,559,000. Finally, Iams Wealth Management LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 130.5% in the fourth quarter. Iams Wealth Management LLC now owns 83,984 shares of the company’s stock valued at $5,010,000 after acquiring an additional 47,542 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock traded up $0.02 on Wednesday, hitting $59.87. The stock had a trading volume of 14,683 shares, compared to its average volume of 843,093. The business has a 50 day moving average price of $59.83 and a 200 day moving average price of $59.76. First Trust Enhanced Short Maturity ETF has a one year low of $59.41 and a one year high of $60.06.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th will be paid a $0.247 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.96 annualized dividend and a yield of 4.95%.

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.