First Trust Advisors Trims Stake in Enterprise Financial Services

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First Trust Advisors LP, an institutional investor, trimmed its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 2.5% during the 3rd quarter, according to the company's recent 13F filing with the Securities and Exchange Commission (SEC). The investor now owns approximately 1.39 million shares of the bank's stock, worth around $80.5 million.

Why it matters

Enterprise Financial Services is a regional bank holding company based in Clayton, Missouri, providing a range of banking and financial services to individuals, small and mid-sized businesses, and institutional clients. The reduction in First Trust Advisors' stake suggests a shift in the institutional investor's portfolio allocation or outlook on the bank's performance.

The details

According to the 13F filing, First Trust Advisors sold 35,347 shares of Enterprise Financial Services during the third quarter. The institutional investor now owns about 3.75% of the bank's outstanding shares. Other institutional investors, such as Aptus Capital Advisors, Victory Capital Management, and American Century Companies, have also adjusted their positions in Enterprise Financial Services in recent quarters.

• First Trust Advisors trimmed its holdings in Enterprise Financial Services during the 3rd quarter of 2026.