Lake Street Private Wealth LLC Cuts Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Lake Street Private Wealth LLC decreased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,259 shares of the company’s stock after selling 22,747 shares during the period. First Trust Enhanced Short Maturity ETF accounts for 1.7% of Lake Street Private Wealth LLC’s portfolio, making the stock its 9th largest position. Lake Street Private Wealth LLC owned approximately 0.19% of First Trust Enhanced Short Maturity ETF worth $12,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in FTSM. Ancora Advisors LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $353,000. Key Client Fiduciary Advisors LLC increased its position in First Trust Enhanced Short Maturity ETF by 20.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 43,614 shares of the company’s stock valued at $2,592,000 after acquiring an additional 7,480 shares during the period. Industrial Alliance Investment Management Inc. increased its position in First Trust Enhanced Short Maturity ETF by 72.6% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock valued at $787,000 after acquiring an additional 5,568 shares during the period. WealthPlan Investment Management LLC increased its position in First Trust Enhanced Short Maturity ETF by 31,234.5% in the 3rd quarter. WealthPlan Investment Management LLC now owns 74,576 shares of the company’s stock valued at $4,431,000 after acquiring an additional 74,338 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in First Trust Enhanced Short Maturity ETF by 39.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 297,991 shares of the company’s stock valued at $17,707,000 after acquiring an additional 83,934 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

FTSM traded up $0.02 during trading hours on Wednesday, hitting $59.64. The company’s stock had a trading volume of 612,723 shares, compared to its average volume of 832,762. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.41 and a fifty-two week high of $59.94. The company has a 50-day simple moving average of $59.71 and a 200 day simple moving average of $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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