Gray Wealth Management Inc. Sells 4,152 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gray Wealth Management Inc. reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,845 shares of the company’s stock after selling 4,152 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 0.9% of Gray Wealth Management Inc.’s portfolio, making the stock its 25th biggest holding. Gray Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,840,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $28,000. Key Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $43,000. FMR LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 71,500.0% during the first quarter. FMR LLC now owns 716 shares of the company’s stock valued at $43,000 after purchasing an additional 715 shares during the period. Parkside Financial Bank & Trust purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth $48,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $58,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

FTSM traded up $0.03 during midday trading on Thursday, reaching $59.71. 713,466 shares of the company’s stock traded hands, compared to its average volume of 974,064. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.40 and a 52 week high of $59.94. The firm has a fifty day moving average of $59.73 and a two-hundred day moving average of $59.69.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, April 1st were issued a $0.249 dividend. This represents a $2.99 annualized dividend and a yield of 5.00%. The ex-dividend date was Thursday, March 28th.

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.