First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) to Issue Dividend Increase – $0.21 Per Share

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) announced a monthly dividend on Thursday, October 29th. Shareholders of record on Friday, October 30th will be given a dividend of $0.2140 per share on Tuesday, November 3rd. This represents a $2.57 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 30th. This is a 4.4% increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.76 on Friday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.49 and a 12 month high of $60.91. The business’s fifty day simple moving average is $59.70 and its 200 day simple moving average is $59.85.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after acquiring an additional 37,830 shares during the last quarter. Gradient Investments LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 10.7% in the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after acquiring an additional 71,051 shares in the last quarter. Tucker Asset Management LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 3.9% during the 3rd quarter. Tucker Asset Management LLC now owns 614,144 shares of the company’s stock worth $36,548,000 after acquiring an additional 23,137 shares in the last quarter. Kirkwood Financial Services acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the second quarter valued at about $26,070,000. Finally, One Way Holdings LLC raised its position in First Trust Enhanced Short Maturity ETF by 101.9% during the 3rd quarter. One Way Holdings LLC now owns 423,840 shares of the company’s stock worth $25,223,000 after buying an additional 213,956 shares during the last quarter.

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.