Scarborough Advisors LLC Sells 14,778 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Scarborough Advisors LLC lessened its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,307 shares of the company’s stock after selling 14,778 shares during the quarter. Scarborough Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth about $84,000. AdvisorNet Financial Inc acquired a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $91,000. Centaurus Financial Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 26.4% in the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $159,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $177,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of FTSM opened at $59.89 on Friday. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16. The company’s fifty day moving average price is $59.86 and its 200 day moving average price is $59.90.

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 paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 annualized dividend and a yield of 4.53%.

First Trust Enhanced Short Maturity ETF Company 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.