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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report)’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

(Get Free Report)

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.

Further Reading

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