First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lowered its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,399 shares of the company’s stock after selling 215 shares during the period. Rehmann Capital Advisory Group’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,455,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sachetta LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $30,000. Register Financial Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $38,000. YHB Investment Advisors Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $47,000. Signal Advisors Wealth LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $205,000. Finally, Calton & Associates Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $209,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

FTSM stock traded up $0.01 on Wednesday, reaching $59.72. 558,313 shares of the company’s stock were exchanged, compared to its average volume of 829,129. The stock has a fifty day moving average of $59.71 and a 200-day moving average of $59.73. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.41 and a twelve month high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.