First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by World Equity Group Inc.

World Equity Group Inc. reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,335 shares of the company’s stock after selling 2,648 shares during the quarter. World Equity Group Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FTSM. LPL Financial LLC increased its stake in First Trust Enhanced Short Maturity ETF by 6.6% during the second quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock worth $510,706,000 after purchasing an additional 530,475 shares during the period. Cetera Investment Advisers increased its stake in First Trust Enhanced Short Maturity ETF by 453.9% during the 1st quarter. Cetera Investment Advisers now owns 1,612,862 shares of the company’s stock worth $96,159,000 after buying an additional 1,321,695 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 4.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,388,183 shares of the company’s stock worth $82,736,000 after buying an additional 56,415 shares in the last quarter. Raymond James & Associates boosted its position in First Trust Enhanced Short Maturity ETF by 20.1% in the 2nd quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock valued at $68,362,000 after buying an additional 192,229 shares during the period. Finally, Csenge Advisory Group grew its stake in shares of First Trust Enhanced Short Maturity ETF by 5.2% in the second quarter. Csenge Advisory Group now owns 1,107,874 shares of the company’s stock worth $66,029,000 after acquiring an additional 54,665 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM traded up $0.02 during trading hours on Monday, hitting $59.82. 88,940 shares of the company were exchanged, compared to its average volume of 826,562. The company has a 50 day moving average of $59.97 and a two-hundred day moving average of $59.84. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.51 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 31st will be paid a dividend of $0.241 per share. The ex-dividend date of this dividend is 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.