First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Reaches New 12-Month High – Time to Buy?

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

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

The business has a 50 day moving average price of $59.82 and a two-hundred day moving average price of $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st were paid a $0.204 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTSM. Newbridge Financial Services Group Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares during the last quarter. Anchor Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter worth $42,000. Blair William & Co. IL increased its position in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares during the period. Kelleher Financial Advisors purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at about $67,000.

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.