First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Hits New 12-Month Low – What’s Next?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $59.01 and last traded at $59.01, with a volume of 242 shares trading hands. The stock had previously closed at $59.78.

First Trust Enhanced Short Maturity ETF Stock Performance

The business’s fifty day moving average price is $59.86 and its 200-day moving average price is $59.92.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were given a $0.203 dividend. 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 Tuesday, June 30th.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 148,300.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after acquiring an additional 2,966 shares during the period. Darwin Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the second quarter valued at about $905,000. Jane Street Group LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the second quarter worth about $3,843,000. Bank of America Corp DE grew its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after purchasing an additional 110,033 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of First Trust Enhanced Short Maturity ETF by 6.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after purchasing an additional 2,780 shares during the last quarter.

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.