First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Hits New 12-Month High – Should You Buy?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $60.12 and last traded at $60.12, with a volume of 31527 shares traded. The stock had previously closed at $60.09.

First Trust Enhanced Short Maturity ETF Stock Performance

The firm has a 50-day moving average price of $60.02 and a two-hundred day moving average price of $59.95.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 30th were given a dividend of $0.213 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 30th.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. TFG Advisers LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 3.9% in the second quarter. TFG Advisers LLC now owns 4,439 shares of the company’s stock valued at $266,000 after acquiring an additional 168 shares in the last quarter. 360 Financial Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.7% in the second quarter. 360 Financial Inc. now owns 28,399 shares of the company’s stock valued at $1,700,000 after acquiring an additional 190 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 3.1% in the third quarter. Global Retirement Partners LLC now owns 6,754 shares of the company’s stock valued at $405,000 after acquiring an additional 202 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 5.6% in the third quarter. Brookstone Capital Management now owns 4,602 shares of the company’s stock valued at $276,000 after acquiring an additional 244 shares in the last quarter. Finally, Fairway Financial LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.3% in the first quarter. Fairway Financial LLC now owns 96,857 shares of the company’s stock valued at $5,796,000 after acquiring an additional 248 shares in the last quarter.

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.