Gateway Wealth Partners LLC Decreases Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gateway Wealth Partners LLC trimmed its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 26,688 shares of the company’s stock after selling 1,095 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTSM. Front Row Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 100.0% in the 2nd quarter. Front Row Advisors LLC now owns 5,000 shares of the company’s stock worth $299,000 after purchasing an additional 2,500 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 158,577 shares of the company’s stock valued at $9,451,000 after buying an additional 6,864 shares during the period. NewEdge Advisors LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. NewEdge Advisors LLC now owns 311,079 shares of the company’s stock valued at $18,540,000 after buying an additional 13,539 shares during the period. Daymark Wealth Partners LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $1,708,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $34,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $60.15 on Monday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.41 and a 52-week high of $60.16. The stock’s 50-day simple moving average is $59.94 and its 200 day simple moving average is $59.80.

First Trust Enhanced Short Maturity ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 30th were given a $0.247 dividend. This represents a $2.96 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Friday, August 30th.

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.