Siligmueller Dumps First Trust ETF: Is the Dividend Party Over?

According to a secretive parchment-the SEC filing-Siligmueller’s team of financial conspirators had thoroughly cleansed their holdings of the ETF. They sold more than 98,247 shares, an amount that roughly equates to a bag of money sitting in a darkened room-about $8.87 million-based on the quarter’s average price. Once the pride of their holdings, the ETF’s once-loyal 3.4% slice of their asset pie shrank into a ghostly zero come late September. The whole edifice of their faith in this fund had crumbled so completely, it’s now less visible than a mouse in a sugar jar.




