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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $60.91 and last traded at $59.70, with a volume of 71365 shares traded. The stock had previously closed at $59.68.

First Trust Enhanced Short Maturity ETF Price Performance

The company has a 50-day moving average price of $59.83 and a 200-day moving average price of $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st will be issued a $0.204 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after acquiring an additional 178 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.4% during the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after purchasing an additional 209 shares in the last quarter. Proactive Wealth Strategies LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after purchasing an additional 318 shares in the last quarter. Principal Securities Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the fourth quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock valued at $1,885,000 after purchasing an additional 346 shares during the period. Finally, Del Sette Capital Management LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 9.1% during the first quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock valued at $256,000 after purchasing an additional 357 shares during the period.

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.