First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Declares Monthly Dividend of $0.25

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) announced a monthly dividend on Wednesday, March 27th, NASDAQ reports. Investors of record on Monday, April 1st will be paid a dividend of 0.249 per share on Wednesday, April 3rd. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Thursday, March 28th.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock remained flat at $59.62 during mid-day trading on Thursday. The company’s stock had a trading volume of 570,443 shares, compared to its average volume of 980,648. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.40 and a 1-year high of $59.94. The firm’s 50-day moving average is $59.77 and its two-hundred day moving average is $59.68.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $28,000. FMR LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 71,500.0% during the 1st quarter. FMR LLC now owns 716 shares of the company’s stock worth $43,000 after buying an additional 715 shares during the period. Salem Investment Counselors Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $58,000. Tyler Stone Wealth Management acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $106,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 40.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,410 shares of the company’s stock worth $143,000 after buying an additional 700 shares during the period.

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.