Concourse Financial Group Securities Inc. Lowers Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Concourse Financial Group Securities Inc. decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,266 shares of the company’s stock after selling 33,249 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $10,979,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $33,000. US Bancorp DE grew its position in First Trust Enhanced Short Maturity ETF by 298.0% in the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after acquiring an additional 873 shares in the last quarter. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $91,000. Global Trust Asset Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at about $159,000. Finally, City Center Advisors LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $210,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

FTSM opened at $59.92 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The stock has a 50-day moving average price of $59.90 and a 200-day moving average price of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 31st were given a dividend of $0.222 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, March 31st.

About First Trust Enhanced Short Maturity ETF

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.