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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $59.01 and last traded at $59.01, with a volume of 242 shares changing hands. The stock had previously closed at $59.78.

First Trust Enhanced Short Maturity ETF Stock Performance

The stock’s fifty day simple moving average is $59.86 and its 200 day simple moving average is $59.92.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were paid a $0.203 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, June 30th.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently bought and sold shares of FTSM. Northwestern Mutual Wealth Management Co. increased its position in First Trust Enhanced Short Maturity ETF by 1,953.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after buying an additional 3,600,586 shares in the last quarter. BDFS Capital LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $63,291,000. Wells Fargo & Company MN grew its stake in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after acquiring an additional 876,866 shares during the period. GDS Wealth Management increased its holdings in First Trust Enhanced Short Maturity ETF by 105.2% in the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock worth $51,485,000 after acquiring an additional 440,329 shares in the last quarter. Finally, Kaydan Wealth Management Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 651.8% during the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock worth $24,900,000 after acquiring an additional 360,223 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.