Cornerstone Wealth Management LLC Sells 2,786 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Cornerstone Wealth Management LLC trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 46,313 shares of the company’s stock after selling 2,786 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,761,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sachetta LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter worth $30,000. Register Financial Advisors LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $38,000. Signal Advisors Wealth LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at about $205,000. Calton & Associates Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $209,000. Finally, Claro Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $232,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.02 during midday trading on Thursday, hitting $59.64. The company had a trading volume of 614,423 shares, compared to its average volume of 832,762. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.41 and a 52 week high of $59.94. The stock’s 50 day moving average price is $59.71 and its 200 day moving average price is $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 28th were given a dividend of $0.245 per share. The ex-dividend date was Friday, June 28th. This represents a $2.94 annualized dividend and a yield of 4.93%.

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.