SteelPeak Wealth LLC Cuts Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Posted by Dante Gardener on Feb 1st, 2025

SteelPeak Wealth LLC lessened its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the company’s stock after selling 441 shares during the quarter. SteelPeak Wealth LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Tsfg LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $36,000. UMB Bank n.a. purchased a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $84,000. Trust Co. of Vermont acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $84,000. AdvisorNet Financial Inc purchased a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $91,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter worth $119,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.78 on Friday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The company’s 50-day moving average price is $59.88 and its 200-day moving average price is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st will be issued a $0.226 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.71 annualized dividend and a yield of 4.54%.

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.