First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 52-Week High at $60.04

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.04 and last traded at $60.03, with a volume of 173049 shares trading hands. The stock had previously closed at $60.01.

First Trust Enhanced Short Maturity ETF Stock Performance

The company’s 50-day simple moving average is $59.81 and its 200 day simple moving average is $59.75.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 2nd. Investors of record on Wednesday, July 31st were issued a $0.247 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.94%.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently added to or reduced their stakes in FTSM. Silver Oak Securities Incorporated increased its position in shares of First Trust Enhanced Short Maturity ETF by 22.7% during the 4th quarter. Silver Oak Securities Incorporated now owns 24,528 shares of the company’s stock valued at $1,463,000 after purchasing an additional 4,535 shares during the last quarter. Naviter Wealth LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 6.4% during the fourth quarter. Naviter Wealth LLC now owns 189,337 shares of the company’s stock worth $11,296,000 after buying an additional 11,348 shares during the period. Mach 1 Financial Group LLC bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $265,000. Triumph Capital Management raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1.0% in the fourth quarter. Triumph Capital Management now owns 295,368 shares of the company’s stock valued at $17,622,000 after acquiring an additional 2,831 shares during the period. Finally, Summit Financial LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $462,000.

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.