Meridian Wealth Management LLC Sells 4,015 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Meridian Wealth Management LLC decreased its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,098 shares of the company’s stock after selling 4,015 shares during the period. Meridian Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in First Trust Enhanced Short Maturity ETF by 1,602.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after acquiring an additional 206,449 shares during the last quarter. Guided Capital Wealth Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $6,920,000. Blackhawk Capital Partners LLC. bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $1,926,000. Sunbelt Securities Inc. grew its position in First Trust Enhanced Short Maturity ETF by 8.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock worth $255,000 after acquiring an additional 339 shares during the last quarter. Finally, Advyzon Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $1,684,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.88 on Wednesday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The stock’s fifty day simple moving average is $59.87 and its 200 day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th were given a $0.203 dividend. The ex-dividend date of this dividend was Friday, February 28th.

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.