First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 52-Week Low – Here’s Why

Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) hit a new 52-week low during trading on Monday . The company traded as low as $59.67 and last traded at $59.69, with a volume of 34819 shares trading hands. The stock had previously closed at $59.89.

First Trust Enhanced Short Maturity ETF Trading Down 0.3%

The company has a 50-day moving average of $59.83 and a 200-day moving average of $59.88.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 31st were issued a dividend of $0.206 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FTSM. Newbridge Financial Services Group Inc. increased its position 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 in the last quarter. Anchor Investment Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the first quarter worth about $42,000. Blair William & Co. IL boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after buying an additional 482 shares during the last quarter. Kelleher Financial Advisors bought a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $55,000. Finally, CIBC Private Wealth Group LLC bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $67,000.

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.