First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s share price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $59.66 and traded as low as $59.61. First Trust Enhanced Short Maturity ETF shares last traded at $59.63, with a volume of 1,331,379 shares.

First Trust Enhanced Short Maturity ETF Stock Down 0.1%

The stock has a fifty day simple moving average of $59.66 and a 200 day simple moving average of $59.82.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 3rd. Investors of record on Friday, October 30th were given a dividend of $0.2140 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.3%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050. The ex-dividend date of this dividend was Friday, October 30th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Large investors have recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $4,436,000. First Trust Advisors LP bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $9,641,000. Texas Yale Capital Corp. purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $617,000. Petix & Botte Co boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 13.5% in the 3rd quarter. Petix & Botte Co now owns 277,070 shares of the company’s stock worth $16,488,000 after buying an additional 32,989 shares during the last quarter. Finally, PCG Wealth Advisors LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the 3rd quarter. PCG Wealth Advisors LLC now owns 99,594 shares of the company’s stock worth $5,927,000 after buying an additional 1,092 shares during 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.