First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Plans Monthly Dividend of $0.25

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) declared a monthly dividend on Wednesday, March 27th, NASDAQ reports. Shareholders of record on Monday, April 1st will be paid a dividend of 0.249 per share on Wednesday, April 3rd. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, March 28th.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM remained flat at $59.62 during mid-day trading on Thursday. The company’s stock had a trading volume of 570,443 shares, compared to its average volume of 980,648. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.40 and a fifty-two week high of $59.94. The firm’s 50-day simple moving average is $59.77 and its two-hundred day simple moving average is $59.68.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Large investors have recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of First Trust Enhanced Short Maturity ETF by 22.3% during the 4th quarter. Morgan Stanley now owns 16,687,945 shares of the company’s stock valued at $991,931,000 after acquiring an additional 3,038,020 shares during the period. Royal Bank of Canada boosted its stake in First Trust Enhanced Short Maturity ETF by 8.8% in the 4th quarter. Royal Bank of Canada now owns 3,081,982 shares of the company’s stock worth $183,872,000 after purchasing an additional 250,534 shares during the period. Osaic Holdings Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 0.3% in the 2nd quarter. Osaic Holdings Inc. now owns 3,068,365 shares of the company’s stock worth $182,306,000 after purchasing an additional 9,962 shares during the period. UBS Group AG boosted its stake in First Trust Enhanced Short Maturity ETF by 2.9% in the 1st quarter. UBS Group AG now owns 2,606,315 shares of the company’s stock worth $155,154,000 after purchasing an additional 74,504 shares during the period. Finally, Stifel Financial Corp boosted its stake in First Trust Enhanced Short Maturity ETF by 21.5% in the 2nd quarter. Stifel Financial Corp now owns 1,448,439 shares of the company’s stock worth $86,052,000 after purchasing an additional 255,830 shares during the period.

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.