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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $59.67 and last traded at $59.67, with a volume of 745085 shares traded. The stock had previously closed at $59.68.

First Trust Enhanced Short Maturity ETF Price Performance

The firm’s 50 day moving average price is $59.80 and its 200-day moving average price is $59.85.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 31st were issued a $0.204 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, August 31st.

Institutional Trading of First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently bought and sold shares of FTSM. Capital Analysts LLC lifted its stake in shares of 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 valued at $36,000 after purchasing an additional 384 shares during the period. Anchor Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at about $42,000. CoreCap Advisors LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock valued at $74,000 after purchasing an additional 178 shares during the last quarter. Harmony Asset Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $206,000. Finally, 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 valued at $206,000 after buying an additional 209 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.