First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 12-Month High at $60.07

Posted by Joseph Griffin on Sep 20th, 2024

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $60.07 and last traded at $60.04, with a volume of 728342 shares. The stock had previously closed at $60.03.

First Trust Enhanced Short Maturity ETF Stock Performance

The stock’s 50 day moving average price is $59.90 and its 200 day moving average price is $59.78.

First Trust Enhanced Short Maturity ETF Announces Dividend

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

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORBA Wealth Advisors L.L.C. acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $12,675,000. Brookstone Capital Management increased its position in First Trust Enhanced Short Maturity ETF by 17.6% during the first quarter. Brookstone Capital Management now owns 6,513 shares of the company’s stock worth $388,000 after buying an additional 974 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in First Trust Enhanced Short Maturity ETF by 1.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,202 shares of the company’s stock valued at $1,025,000 after buying an additional 246 shares during the period. Willner & Heller LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $765,000. Finally, BlueChip Wealth Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $2,149,000.

About First Trust Enhanced Short Maturity ETF

(Get Free Report)

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.