First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Announces $0.21 Monthly Dividend

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) announced a monthly dividend on Thursday, July 30th, NASDAQ Dividends reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.206 per share on Tuesday, August 4th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, July 31st.

First Trust Enhanced Short Maturity ETF Stock Down 0.3%

Shares of FTSM traded down $0.18 during mid-day trading on Friday, hitting $59.73. 435,523 shares of the company traded hands, compared to its average volume of 884,957. The stock has a 50-day moving average price of $59.84 and a two-hundred day moving average price of $59.90. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.70 and a 1 year high of $60.14.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after buying an additional 3,600,586 shares during the last quarter. BDFS Capital LLC bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $63,291,000. Wells Fargo & Company MN lifted its holdings in First Trust Enhanced Short Maturity ETF by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after acquiring an additional 876,866 shares during the period. GDS Wealth Management lifted its holdings in First Trust Enhanced Short Maturity ETF by 105.2% in the fourth quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after acquiring an additional 440,329 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $15,607,000.

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.