Traction Financial Partners LLC Sells 9,764 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Traction Financial Partners LLC reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 69.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,322 shares of the company’s stock after selling 9,764 shares during the period. Traction Financial Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cambridge Advisors Inc. grew its stake in First Trust Enhanced Short Maturity ETF by 1.0% in the 3rd quarter. Cambridge Advisors Inc. now owns 17,034 shares of the company’s stock worth $1,020,000 after acquiring an additional 173 shares in the last quarter. TFG Advisers LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 5.1% during the fourth quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock valued at $254,000 after purchasing an additional 208 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 3.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,928 shares of the company’s stock valued at $475,000 after purchasing an additional 293 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 8.6% during the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock valued at $255,000 after purchasing an additional 339 shares in the last quarter. Finally, Symphony Financial Ltd. Co. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 2.8% during the third quarter. Symphony Financial Ltd. Co. now owns 14,550 shares of the company’s stock valued at $875,000 after purchasing an additional 400 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

NASDAQ FTSM opened at $59.89 on Tuesday. The firm’s 50 day moving average price is $59.86 and its 200-day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.53%.

First Trust Enhanced Short Maturity ETF 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.