Latitude Advisors LLC Reduces Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Latitude Advisors LLC decreased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,257 shares of the company’s stock after selling 884 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 1.1% of Latitude Advisors LLC’s portfolio, making the stock its 16th largest holding. Latitude Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FTSM. Imprint Wealth LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 8.8% during the 4th quarter. Imprint Wealth LLC now owns 7,152 shares of the company’s stock worth $427,000 after purchasing an additional 577 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.9% during the 4th quarter. Simplicity Wealth LLC now owns 284,183 shares of the company’s stock valued at $16,954,000 after acquiring an additional 8,010 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $450,000. G&S Capital LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 21.1% in the 4th quarter. G&S Capital LLC now owns 63,556 shares of the company’s stock worth $3,792,000 after buying an additional 11,069 shares in the last quarter. Finally, Cedrus LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 16.5% in the 4th quarter. Cedrus LLC now owns 14,220 shares of the company’s stock worth $848,000 after buying an additional 2,010 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM traded up $0.02 during midday trading on Wednesday, hitting $59.69. The company had a trading volume of 37,584 shares, compared to its average volume of 967,266. The company’s 50 day moving average price is $59.73 and its 200 day moving average price is $59.69. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.40 and a 52 week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, April 1st were paid a dividend of $0.249 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Thursday, March 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.