First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by Perennial Investment Advisors LLC

Posted by Lars Charter on Sep 18th, 2024

Perennial Investment Advisors LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report) by 25.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,082 shares of the company’s stock after selling 3,036 shares during the period. Perennial Investment Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth about $12,675,000. Brookstone Capital Management increased its stake in shares of First Trust Enhanced Short Maturity ETF by 17.6% in the first quarter. Brookstone Capital Management now owns 6,513 shares of the company’s stock valued at $388,000 after purchasing an additional 974 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,202 shares of the company’s stock valued at $1,025,000 after buying an additional 246 shares during the last quarter. Willner & Heller LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $765,000. Finally, BlueChip Wealth Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $2,149,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $60.03 on Wednesday. The stock’s 50 day moving average price is $59.89 and its 200 day moving average price is $59.77. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.41 and a 12 month high of $60.06.

First Trust Enhanced Short Maturity ETF Announces Dividend

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

About First Trust Enhanced Short Maturity ETF

(Free Report)

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.