First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 52-Week High at $60.11

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.11 and last traded at $60.10, with a volume of 65863 shares trading hands. The stock had previously closed at $60.09.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

The stock’s fifty day simple moving average is $59.92 and its 200 day simple moving average is $59.78.

First Trust Enhanced Short Maturity ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 30th were given a $0.247 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.93%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the second quarter worth about $34,000. Register Financial Advisors LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at approximately $38,000. YHB Investment Advisors Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth $47,000. Hilltop National Bank purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the second quarter valued at $76,000. Finally, PSI Advisors LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 1,893.9% in the 2nd quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock valued at $78,000 after acquiring an additional 1,250 shares during the period.

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.