First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Announces $0.25 Monthly Dividend

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) declared a monthly dividend on Wednesday, March 27th, NASDAQ reports. Stockholders of record on Monday, April 1st will be given a dividend of 0.249 per share on Wednesday, April 3rd. This represents a $2.99 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Thursday, March 28th.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM remained flat at $59.62 during trading hours on Thursday. 570,443 shares of the stock traded hands, compared to its average volume of 980,648. The company has a 50-day moving average price of $59.77 and a 200 day moving average price of $59.68. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.40 and a 52-week high of $59.94.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of large investors have recently modified their holdings of the company. Millennium Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $258,000. Worth Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $228,000. Bank of New York Mellon Corp bought a new stake in First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $210,000. Ground Swell Capital LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $206,000. Finally, National Wealth Management Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $205,000.

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.