First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $59.66 and traded as low as $59.61. First Trust Enhanced Short Maturity ETF shares last traded at $59.63, with a volume of 1,331,379 shares.

First Trust Enhanced Short Maturity ETF Trading Down 0.1%

The stock has a fifty day simple moving average of $59.66 and a 200 day simple moving average of $59.83.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 3rd. Investors of record on Friday, October 30th were paid a dividend of $0.2140 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050. The ex-dividend date of this dividend was Friday, October 30th. This represents a $2.57 annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $75,573,000. Kirkwood Financial Services purchased a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at approximately $26,070,000. Second Line Capital LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 1,588.1% during the 2nd quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock valued at $21,044,000 after buying an additional 330,326 shares in the last quarter. Hansen & Associates Financial Group Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 45.7% during the third quarter. Hansen & Associates Financial Group Inc. now owns 932,382 shares of the company’s stock valued at $55,579,000 after buying an additional 292,429 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $16,499,000.

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.