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

Avestar Capital LLC lowered its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 30.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 86,046 shares of the company’s stock after selling 37,337 shares during the period. Avestar Capital LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $5,143,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $36,000. SeaCrest Wealth Management LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 19,593 shares of the company’s stock valued at $1,173,000 after buying an additional 354 shares during the period. Good Life Advisors LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.5% during the 3rd 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 last quarter. Secure Asset Management LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 4.3% in the 3rd quarter. Secure Asset Management LLC now owns 65,595 shares of the company’s stock worth $3,927,000 after buying an additional 2,700 shares during the period. Finally, Trust Co. of Vermont acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at $84,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.82 on Thursday. The stock has a 50-day moving average price of $59.86 and a two-hundred day moving average price of $59.91. 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 Cuts Dividend

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

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.