Tucker Asset Management LLC Lowers Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Tucker Asset Management LLC decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 15.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,016,229 shares of the company’s stock after selling 183,892 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 6.5% of Tucker Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Tucker Asset Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $60,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $154,932,000. LPL Financial LLC raised its stake in First Trust Enhanced Short Maturity ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock worth $529,520,000 after acquiring an additional 490,772 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $27,777,000. TCP Asset Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $18,798,000. Finally, Holistic Planning LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 1,689.7% in the 4th quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock valued at $15,624,000 after purchasing an additional 246,803 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of First Trust Enhanced Short Maturity ETF stock opened at $60.03 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The company has a 50-day simple moving average of $59.91 and a 200 day simple moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th were paid a $0.203 dividend. The ex-dividend date of this dividend was Friday, February 28th.

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.