Raymond James & Associates Cuts Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Raymond James & Associates lowered its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 19.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926,493 shares of the company’s stock after selling 220,517 shares during the quarter. Raymond James & Associates’ holdings in First Trust Enhanced Short Maturity ETF were worth $55,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in shares of First Trust Enhanced Short Maturity ETF by 17.6% during the 1st quarter. Brookstone Capital Management now owns 6,513 shares of the company’s stock worth $388,000 after acquiring an additional 974 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 6.0% in the first quarter. Key Client Fiduciary Advisors LLC now owns 43,796 shares of the company’s stock valued at $2,611,000 after purchasing an additional 2,491 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 9.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 188,752 shares of the company’s stock worth $11,253,000 after purchasing an additional 15,540 shares in the last quarter. Towerpoint Wealth LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 2.2% during the 1st quarter. Towerpoint Wealth LLC now owns 93,543 shares of the company’s stock worth $5,577,000 after buying an additional 2,037 shares during the last quarter. Finally, RiverTree Advisors LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.5% in the 1st quarter. RiverTree Advisors LLC now owns 295,568 shares of the company’s stock valued at $17,622,000 after buying an additional 4,384 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Down 0.0 %

Shares of NASDAQ:FTSM opened at $59.98 on Tuesday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.43 and a 12 month high of $60.16. The company’s fifty day moving average price is $59.96 and its 200 day moving average price is $59.82.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 30th were issued a $0.247 dividend. This represents a $2.96 annualized dividend and a dividend yield of 4.94%. The ex-dividend date was Friday, August 30th.

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.