Family Capital Management Inc. Cuts Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Family Capital Management Inc. lessened its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,769 shares of the company’s stock after selling 835 shares during the period. First Trust Enhanced Short Maturity ETF comprises about 1.5% of Family Capital Management Inc.’s holdings, making the stock its 18th biggest position. Family Capital Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,261,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FTSM. Abich Financial Wealth Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at $34,000. Tsfg LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $36,000. Hilltop National Bank bought a new position in First Trust Enhanced Short Maturity ETF during the second quarter worth about $76,000. PSI Advisors LLC boosted its position in First Trust Enhanced Short Maturity ETF by 1,893.9% during the second quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock worth $78,000 after purchasing an additional 1,250 shares during the period. Finally, UMB Bank n.a. purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth about $84,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.93 on Friday. The firm’s 50 day moving average is $59.94 and its 200 day moving average is $59.85. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

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 was Thursday, October 31st.

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.