First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 52-Week Low – Time to Sell?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $59.50 and last traded at $59.5150, with a volume of 54652 shares. The stock had previously closed at $59.72.

First Trust Enhanced Short Maturity ETF Trading Down 0.3%

The company has a 50-day moving average price of $59.78 and a two-hundred day moving average price of $59.83.

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First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.2050 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a yield of 4.1%.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTSM. Capital Analysts LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 175.3% during the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after purchasing an additional 384 shares during the period. Anchor Investment Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter worth about $42,000. CoreCap Advisors LLC raised its position in First Trust Enhanced Short Maturity ETF by 16.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the period. Evolution Wealth Management Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 6.4% in the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after purchasing an additional 209 shares during the last quarter. Finally, IFS Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter worth about $206,000.

About First Trust Enhanced Short Maturity ETF

(Get Free Report)

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.

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