First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Plans Dividend Increase – $0.20 Per Share

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) announced a dividend on Monday, June 29th, NASDAQ Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.203 per share on Thursday, July 2nd. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 1.0% increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded down $0.21 during midday trading on Tuesday, hitting $59.73. 452,561 shares of the company’s stock were exchanged, compared to its average volume of 925,974. The stock’s fifty day moving average price is $59.87 and its 200-day moving average price is $59.93. First Trust Enhanced Short Maturity ETF has a one year low of $59.73 and a one year high of $60.14.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 148,300.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after purchasing an additional 2,966 shares in the last quarter. Darwin Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $905,000. Jane Street Group LLC bought a new position in First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $3,843,000. Bank of America Corp DE lifted its stake in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after buying an additional 110,033 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.8% in the second quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after buying an additional 2,780 shares during the period.

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.