Avestar Capital LLC Decreases Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Avestar Capital LLC lessened its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 48.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 123,383 shares of the company’s stock after selling 114,004 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 0.8% of Avestar Capital LLC’s portfolio, making the stock its 26th largest position. Avestar Capital LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $7,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTSM. LPL Financial LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock valued at $510,706,000 after buying an additional 530,475 shares in the last quarter. Cetera Investment Advisers boosted its stake in First Trust Enhanced Short Maturity ETF by 453.9% in the 1st quarter. Cetera Investment Advisers now owns 1,612,862 shares of the company’s stock worth $96,159,000 after purchasing an additional 1,321,695 shares during the period. GDS Wealth Management increased its position in shares of First Trust Enhanced Short Maturity ETF by 204.9% during the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock valued at $88,131,000 after buying an additional 989,192 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 4.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,388,183 shares of the company’s stock valued at $82,736,000 after acquiring an additional 56,415 shares during the period. Finally, Raymond James & Associates increased its holdings in First Trust Enhanced Short Maturity ETF by 20.1% during the 2nd quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock worth $68,362,000 after acquiring an additional 192,229 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

First Trust Enhanced Short Maturity ETF stock opened at $59.95 on Tuesday. 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 firm’s fifty day moving average price is $59.94 and its 200-day moving average price is $59.85.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, November 4th. Shareholders of record on Thursday, October 31st were given a dividend of $0.241 per share. The ex-dividend date of this dividend was Thursday, October 31st.

First Trust Enhanced Short Maturity ETF Company 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.