Scarborough Advisors LLC Sells 14,778 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Scarborough Advisors LLC lessened its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 36.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,307 shares of the company’s stock after selling 14,778 shares during the quarter. Scarborough Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FTSM. GDS Wealth Management lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 204.9% during the 3rd quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock worth $88,131,000 after acquiring an additional 989,192 shares during the period. Stifel Financial Corp grew its stake in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the 3rd quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock valued at $50,159,000 after purchasing an additional 84,918 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 56.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after buying an additional 182,844 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 8.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 442,971 shares of the company’s stock worth $26,476,000 after buying an additional 33,344 shares during the period. Finally, TCP Asset Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $18,798,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

First Trust Enhanced Short Maturity ETF stock opened at $59.89 on Friday. The stock has a fifty day moving average price of $59.86 and a two-hundred day moving average price of $59.90. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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