Raymond James & Associates Decreases Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Raymond James & Associates lessened its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 17.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 954,781 shares of the company’s stock after selling 203,152 shares during the period. Raymond James & Associates’ holdings in First Trust Enhanced Short Maturity ETF were worth $56,924,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Sachetta LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $30,000. Register Financial Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter valued at approximately $38,000. Key Financial Inc bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $43,000. Parkside Financial Bank & Trust bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $48,000. Finally, Signal Advisors Wealth LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter worth $205,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.03 during midday trading on Friday, reaching $59.63. The company’s stock had a trading volume of 861,014 shares, compared to its average volume of 947,819. The stock has a fifty day simple moving average of $59.71 and a two-hundred day simple moving average of $59.70. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.40 and a 1 year high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, May 1st were paid a $0.249 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.24.

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.