First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 12-Month Low – Here’s What Happened

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) hit a new 52-week low during trading on Friday . The company traded as low as $59.70 and last traded at $59.71, with a volume of 83318 shares trading hands. The stock had previously closed at $59.91.

First Trust Enhanced Short Maturity ETF Price Performance

The firm has a 50-day simple moving average of $59.84 and a two-hundred day simple moving average of $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were paid a $0.203 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its holdings in 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 valued at $74,000 after acquiring an additional 178 shares during the last quarter. Evolution Wealth Management Inc. grew its position in First Trust Enhanced Short Maturity ETF by 6.4% during the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after acquiring an additional 209 shares during the period. Proactive Wealth Strategies LLC increased its stake in First Trust Enhanced Short Maturity ETF by 0.5% during the fourth quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after acquiring an additional 318 shares during the last quarter. Principal Securities Inc. increased its stake in 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 worth $1,885,000 after acquiring an additional 346 shares during the last quarter. Finally, Del Sette Capital Management LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 9.1% in the 1st quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock worth $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.