Janney Montgomery Scott LLC Purchases 17,455 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Janney Montgomery Scott LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 4.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 384,495 shares of the company’s stock after buying an additional 17,455 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $22,924,000 as of its most recent SEC filing.

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

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

First Trust Enhanced Short Maturity ETF stock traded up $0.06 during mid-day trading on Friday, hitting $59.70. The company had a trading volume of 1,016,842 shares, compared to its average volume of 834,200. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.41 and a 12 month high of $59.94. The stock’s 50 day moving average price is $59.71 and its two-hundred day moving average price is $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 28th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.94 annualized dividend and a dividend yield of 4.92%.

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.