Naviter Wealth LLC Sells 143,005 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Naviter Wealth LLC reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 75.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,332 shares of the company’s stock after selling 143,005 shares during the period. Naviter Wealth LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at about $265,000. Dynamic Advisor Solutions LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $1,301,000. Cedrus LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 16.5% during the fourth quarter. Cedrus LLC now owns 14,220 shares of the company’s stock valued at $848,000 after acquiring an additional 2,010 shares during the last quarter. ORBA Wealth Advisors L.L.C. acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $12,675,000. Finally, Herold Advisors Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $770,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.01 during trading on Tuesday, hitting $59.62. The company had a trading volume of 578,074 shares, compared to its average volume of 834,496. The business has a 50-day moving average of $59.71 and a 200-day moving average of $59.73. First Trust Enhanced Short Maturity ETF has a one year low of $59.41 and a one year high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.