First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 1-Year Low – Time to Sell?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $59.67 and last traded at $59.69, with a volume of 34819 shares changing hands. The stock had previously closed at $59.89.

First Trust Enhanced Short Maturity ETF Stock Down 0.3%

The firm has a 50 day simple moving average of $59.83 and a 200 day simple moving average of $59.88.

First Trust Enhanced Short Maturity ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 31st were issued a $0.206 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% during 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 buying an additional 3,600,586 shares in the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $63,291,000. Wells Fargo & Company MN raised its position in First Trust Enhanced Short Maturity ETF by 11.3% during the 4th 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 last quarter. Kirkwood Financial Services purchased a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter worth approximately $26,070,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $15,607,000.

About First Trust Enhanced Short Maturity ETF

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.