First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Increases Dividend to $0.20 Per Share

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) announced a monthly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.2050 per share on Friday, October 2nd. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 0.5% increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $59.72 on Wednesday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.67 and a 12-month high of $60.91. The firm’s 50-day moving average price is $59.78 and its 200-day moving average price is $59.83.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several institutional investors have recently made changes to their positions in FTSM. BDFS Capital LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $63,291,000. Envestnet Asset Management Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after acquiring an additional 37,830 shares during the period. Gradient Investments LLC increased its stake in First Trust Enhanced Short Maturity ETF by 10.7% in the second quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after purchasing an additional 71,051 shares during the period. &PARTNERS lifted its position in shares of First Trust Enhanced Short Maturity ETF by 60.2% during the fourth quarter. &PARTNERS now owns 587,006 shares of the company’s stock worth $35,147,000 after purchasing an additional 220,685 shares during the last quarter. Finally, Kirkwood Financial Services purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the second quarter valued at $26,070,000.

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.