First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Hits New 1-Year Low – What’s Next?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) hit a new 52-week low on Wednesday. The stock 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 stock has a 50 day moving average of $59.78 and a 200-day moving average of $59.83.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

Institutional Trading of First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock worth $51,670,000 after purchasing an additional 37,830 shares during the last quarter. Capital Analysts LLC increased its stake in First Trust Enhanced Short Maturity ETF by 175.3% in the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after buying an additional 384 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 355,145 shares of the company’s stock valued at $21,213,000 after buying an additional 22,340 shares in the last quarter. Second Line Capital LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 1,588.1% during the 2nd quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock valued at $21,044,000 after buying an additional 330,326 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at about $4,849,000.

About First Trust Enhanced Short Maturity ETF

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.