First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by RiverTree Advisors LLC

RiverTree Advisors LLC cut its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,789 shares of the company’s stock after selling 68,070 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 8.6% of RiverTree Advisors LLC’s portfolio, making the stock its biggest holding. RiverTree Advisors LLC owned approximately 0.21% of First Trust Enhanced Short Maturity ETF worth $13,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FTSM. Abich Financial Wealth Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at approximately $34,000. Tsfg LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $36,000. UMB Bank n.a. bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $84,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $84,000. Finally, AdvisorNet Financial Inc acquired a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $91,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $59.91 on Monday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The business has a fifty day moving average of $59.87 and a 200-day moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a dividend of $0.233 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Friday, December 27th.

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.