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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) shares reached a new 52-week low on Monday . The company traded as low as $59.67 and last traded at $59.69, with a volume of 34819 shares traded. The stock had previously closed at $59.89.

First Trust Enhanced Short Maturity ETF Price Performance

The business’s 50-day moving average price is $59.83 and its two-hundred day moving average price is $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

Institutional Trading of First Trust Enhanced Short Maturity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Opinicus Capital Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 39.6% in the fourth quarter. Opinicus Capital Inc. now owns 36,638 shares of the company’s stock valued at $2,196,000 after purchasing an additional 10,394 shares during the last quarter. Wesbanco Bank Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 13.4% during the 4th quarter. Wesbanco Bank Inc. now owns 205,890 shares of the company’s stock valued at $12,339,000 after buying an additional 24,286 shares during the last quarter. MGO One Seven LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 21.0% during the 4th quarter. MGO One Seven LLC now owns 60,683 shares of the company’s stock worth $3,637,000 after acquiring an additional 10,545 shares during the period. Flaharty Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $14,810,000. Finally, Sigma Planning Corp boosted its position in First Trust Enhanced Short Maturity ETF by 46.7% during the first quarter. Sigma Planning Corp now owns 101,163 shares of the company’s stock worth $6,048,000 after purchasing an additional 32,207 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.