First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Reaches New 52-Week Low – Time to Sell?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) shares reached a new 52-week low on Monday . The company traded as low as $59.01 and last traded at $59.01, with a volume of 242 shares traded. The stock had previously closed at $59.78.

First Trust Enhanced Short Maturity ETF Stock Performance

The firm’s 50 day moving average is $59.85 and its 200-day moving average is $59.92.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were given a $0.203 dividend. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, June 30th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTSM. Newbridge Financial Services Group Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter worth $42,000. Blair William & Co. IL raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 195.9% during the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after acquiring an additional 482 shares during the period. Blue Trust Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $46,000. Finally, Kelleher Financial Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $55,000.

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.