First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Down 0.1%

Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Rating) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $59.62 and last traded at $59.63. Approximately 1,062,211 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 1,652,221 shares. The stock had previously closed at $59.66.

First Trust Enhanced Short Maturity ETF Price Performance

The business has a fifty day moving average of $59.63 and a 200-day moving average of $59.60.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 3rd. Shareholders of record on Monday, May 1st were paid a dividend of $0.214 per share. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. This represents a $2.57 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Friday, April 28th.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortis Group Advisors LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at $3,390,000. Toroso Investments LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 3.5% during the first quarter. Toroso Investments LLC now owns 105,252 shares of the company’s stock worth $6,264,000 after acquiring an additional 3,533 shares in the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth $1,221,000. Ameriprise Financial Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth $1,796,000. Finally, Titleist Asset Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth $204,000.

First Trust Enhanced Short Maturity ETF Company Profile

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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.

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