First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Declares Dividend Increase – $0.21 Per Share

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) declared a monthly dividend on Thursday, October 29th. Investors of record on Friday, October 30th will be given a dividend of $0.2140 per share on Tuesday, November 3rd. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, October 30th. This is a 4.4% increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.76 on Friday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.49 and a 52 week high of $60.91. The company’s 50-day moving average price is $59.70 and its 200 day moving average price is $59.85.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently modified their holdings of FTSM. Envestnet Asset Management Inc. increased its position in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock worth $51,670,000 after buying an additional 37,830 shares during the period. Gradient Investments LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 10.7% during the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after buying an additional 71,051 shares during the period. Tucker Asset Management LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 3.9% during the 3rd quarter. Tucker Asset Management LLC now owns 614,144 shares of the company’s stock worth $36,548,000 after acquiring an additional 23,137 shares in the last quarter. Kirkwood Financial Services bought a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at $26,070,000. Finally, One Way Holdings LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 101.9% in the third quarter. One Way Holdings LLC now owns 423,840 shares of the company’s stock valued at $25,223,000 after acquiring an additional 213,956 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Company Profile

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.