Cottonwood Capital Advisors LLC Trims Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Posted by Caroline Horne on Jan 25th, 2025

Cottonwood Capital Advisors LLC cut its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,366 shares of the company’s stock after selling 471 shares during the period. Cottonwood Capital Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTSM. Tsfg LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $36,000. UMB Bank n.a. acquired a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $84,000. Trust Co. of Vermont acquired a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $84,000. AdvisorNet Financial Inc acquired a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $91,000. Finally, Centaurus Financial Inc. acquired a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $119,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

NASDAQ FTSM opened at $59.95 on Friday. The business’s 50 day moving average is $59.87 and its two-hundred day moving average is $59.90. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

First Trust Enhanced Short Maturity ETF Profile

(Free Report)

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.