Independent Wealth Network Inc. Lowers Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Independent Wealth Network Inc. lowered its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,037 shares of the company’s stock after selling 1,262 shares during the period. Independent Wealth Network Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC purchased 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. UMB Bank n.a. purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $84,000. Trust Co. of Vermont purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $84,000. Finally, AdvisorNet Financial Inc purchased a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at about $91,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.91 on Thursday. The stock has a 50-day moving average price of $59.87 and a two-hundred day moving average price of $59.90. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a dividend of $0.233 per share. The ex-dividend date was Friday, December 27th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

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.