Kingsview Wealth Management LLC Sells 45,648 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Kingsview Wealth Management LLC reduced its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 459,743 shares of the company’s stock after selling 45,648 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $27,479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Advisors Inc. boosted its position in First Trust Enhanced Short Maturity ETF by 1.0% in the 3rd quarter. Cambridge Advisors Inc. now owns 17,034 shares of the company’s stock valued at $1,020,000 after buying an additional 173 shares during the last quarter. TFG Advisers LLC lifted its position in First Trust Enhanced Short Maturity ETF by 5.1% during the 4th quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock valued at $254,000 after purchasing an additional 208 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 3.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,928 shares of the company’s stock valued at $475,000 after purchasing an additional 293 shares during the last quarter. Towerpoint Wealth LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 0.4% during the 3rd quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock worth $4,520,000 after buying an additional 329 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 8.6% during the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock worth $255,000 after buying an additional 339 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $59.81 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The company’s 50 day simple moving average is $59.86 and its 200 day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Friday, January 31st were given a $0.226 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 annualized dividend and a dividend yield of 4.53%.

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.