First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Hits New 52-Week Low – Should You Sell?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $59.72 and last traded at $59.72, with a volume of 2111 shares. The stock had previously closed at $59.94.

First Trust Enhanced Short Maturity ETF Stock Performance

The firm’s 50 day moving average price is $59.87 and its two-hundred day moving average price is $59.93.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th will be given a $0.203 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date of this dividend is Tuesday, June 30th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after acquiring an additional 2,966 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $905,000. Jane Street Group LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $3,843,000. Bank of America Corp DE grew its stake in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after purchasing an additional 110,033 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in First Trust Enhanced Short Maturity ETF by 6.8% in the second quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after purchasing an additional 2,780 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.