Beacon Pointe Advisors LLC Decreases Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Beacon Pointe Advisors LLC trimmed its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 28.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,892 shares of the company’s stock after selling 3,552 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $530,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $48,000. Calton & Associates Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $209,000. OneAscent Wealth Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $238,000. Acorn Wealth Advisors LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $243,000. Finally, Madison Park Capital Advisors LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $254,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

NASDAQ:FTSM opened at $59.77 on Friday. The stock has a 50-day simple moving average of $59.71 and a 200 day simple moving average of $59.72. First Trust Enhanced Short Maturity ETF has a one year low of $59.40 and a one year high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.