First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 1-Year Low – What’s Next?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $59.72 and last traded at $59.72, with a volume of 2111 shares changing hands. The stock had previously closed at $59.94.

First Trust Enhanced Short Maturity ETF Stock Down 0.3%

The firm’s fifty day moving average is $59.87 and its 200 day moving average is $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were paid a $0.205 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently made changes to their positions in FTSM. Newbridge Financial Services Group Inc. grew its holdings in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth approximately $42,000. Blair William & Co. IL boosted its position in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares during the period. Blue Trust Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $46,000. Finally, Kelleher Financial Advisors bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $55,000.

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.