First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stake Reduced by Manchester Financial Inc.

Manchester Financial Inc. lessened its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,153 shares of the company’s stock after selling 41,298 shares during the period. First Trust Enhanced Short Maturity ETF makes up 3.9% of Manchester Financial Inc.’s investment portfolio, making the stock its 7th largest position. Manchester Financial Inc. owned 0.28% of First Trust Enhanced Short Maturity ETF worth $17,641,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in First Trust Enhanced Short Maturity ETF by 1,602.2% in the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after buying an additional 206,449 shares during the last quarter. Guided Capital Wealth Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $6,920,000. Secure Asset Management LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 4.3% during the 3rd quarter. Secure Asset Management LLC now owns 65,595 shares of the company’s stock worth $3,927,000 after purchasing an additional 2,700 shares during the period. Good Life Advisors LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 1.5% during the third quarter. Good Life Advisors LLC now owns 44,400 shares of the company’s stock worth $2,658,000 after buying an additional 643 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 2.8% in the third quarter. J.W. Cole Advisors Inc. now owns 26,514 shares of the company’s stock valued at $1,587,000 after buying an additional 725 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.85 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The company has a 50 day moving average price of $59.86 and a 200 day moving average price of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 annualized dividend and a yield of 4.53%.

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.