Larson Financial Group LLC Decreases Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Larson Financial Group LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 55.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,926 shares of the company’s stock after selling 3,680 shares during the period. Larson Financial Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Advisors Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the fourth quarter. Cambridge Advisors Inc. now owns 16,513 shares of the company’s stock worth $985,000 after purchasing an additional 175 shares in the last quarter. Naples Global Advisors LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.6% during the fourth quarter. Naples Global Advisors LLC now owns 15,612 shares of the company’s stock worth $931,000 after purchasing an additional 250 shares in the last quarter. Benedict Financial Advisors Inc. increased its position in First Trust Enhanced Short Maturity ETF by 8.1% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 3,864 shares of the company’s stock valued at $230,000 after acquiring an additional 288 shares during the period. TFG Advisers LLC increased its position in First Trust Enhanced Short Maturity ETF by 9.4% in the 3rd quarter. TFG Advisers LLC now owns 3,819 shares of the company’s stock valued at $227,000 after acquiring an additional 328 shares during the period. Finally, Strait & Sound Wealth Management LLC increased its position in First Trust Enhanced Short Maturity ETF by 2.3% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 16,643 shares of the company’s stock valued at $989,000 after acquiring an additional 375 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.75 on Thursday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.40 and a 52-week high of $59.94. The stock’s 50-day moving average price is $59.72 and its 200 day moving average price is $59.70.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, April 1st were given a $0.249 dividend. This represents a $2.99 annualized dividend and a yield of 5.00%. The ex-dividend date was Thursday, March 28th.

First Trust Enhanced Short Maturity ETF Company 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.