Symphony Financial Ltd. Co. Sells 11,127 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Symphony Financial Ltd. Co. decreased its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 25.0% during the first quarter, HoldingsChannel.com reports. The fund owned 33,367 shares of the company’s stock after selling 11,127 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,989,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 3,702.2% during the 4th quarter. International Assets Investment Management LLC now owns 2,990,367 shares of the company’s stock valued at $178,405,000 after purchasing an additional 2,911,719 shares during the last quarter. First Trust Advisors LP increased its position in shares of First Trust Enhanced Short Maturity ETF by 821.2% during the 4th quarter. First Trust Advisors LP now owns 1,731,013 shares of the company’s stock valued at $103,272,000 after purchasing an additional 1,543,108 shares during the last quarter. Global Assets Advisory LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 5,869.7% during the 1st quarter. Global Assets Advisory LLC now owns 783,406 shares of the company’s stock valued at $46,707,000 after purchasing an additional 770,283 shares during the last quarter. Hansen & Associates Financial Group Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $36,551,000. Finally, GDS Wealth Management bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $23,473,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM traded up $0.03 during trading hours on Friday, hitting $59.60. 815,427 shares of the company traded hands, compared to its average volume of 837,999. The company’s 50 day moving average price is $59.72 and its 200 day moving average price is $59.73. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.40 and a 12 month high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 28th will be given a dividend of $0.245 per share. This represents a $2.94 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Friday, June 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.