First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 17.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 954,781 shares of the company’s stock after selling 203,152 shares during the quarter. Raymond James & Associates owned approximately 0.87% of First Trust Enhanced Short Maturity ETF worth $56,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 2.3% during the third quarter. LPL Financial LLC now owns 8,722,953 shares of the company’s stock worth $518,318,000 after buying an additional 195,687 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 3,702.2% during the fourth quarter. International Assets Investment Management LLC now owns 2,990,367 shares of the company’s stock worth $178,405,000 after buying an additional 2,911,719 shares in the last quarter. First Trust Advisors LP grew its position in shares of First Trust Enhanced Short Maturity ETF by 821.2% during the fourth quarter. First Trust Advisors LP now owns 1,731,013 shares of the company’s stock worth $103,272,000 after buying an additional 1,543,108 shares in the last quarter. Csenge Advisory Group grew its position in shares of First Trust Enhanced Short Maturity ETF by 5.9% during the third quarter. Csenge Advisory Group now owns 962,980 shares of the company’s stock worth $57,220,000 after buying an additional 53,748 shares in the last quarter. Finally, Mariner LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 1.5% in the third quarter. Mariner LLC now owns 805,513 shares of the company’s stock valued at $47,864,000 after purchasing an additional 12,143 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM traded up $0.03 on Friday, reaching $59.63. The company’s stock had a trading volume of 861,014 shares, compared to its average volume of 947,819. The stock has a 50 day moving average of $59.71 and a two-hundred day moving average of $59.70. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.40 and a fifty-two week high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

First Trust Enhanced Short Maturity ETF Company 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.