First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Hits New 52-Week High – Time to Buy?

Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $60.91 and last traded at $59.70, with a volume of 71365 shares. The stock had previously closed at $59.68.

First Trust Enhanced Short Maturity ETF Stock Performance

The business’s fifty day moving average price is $59.83 and its two-hundred day moving average price is $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st will be issued a dividend of $0.204 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, August 31st.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after acquiring an additional 3,600,586 shares in the last quarter. BDFS Capital LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $63,291,000. Wells Fargo & Company MN raised its position in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after purchasing an additional 876,866 shares during the period. Kirkwood Financial Services acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter worth $26,070,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $15,607,000.

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.