First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sets New 52-Week Low – Should You Sell?

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $47.87 and last traded at $49.89, with a volume of 435915 shares trading hands. The stock had previously closed at $49.90.

First Trust Low Duration Opportunities ETF Trading Down 0.3%

The stock’s 50 day simple moving average is $49.97 and its 200 day simple moving average is $50.05.

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First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Trading of First Trust Low Duration Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $26,000. Hazlett Burt & Watson Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter worth $35,000. Bank of Montreal Can raised its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% during the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $56,000.

First Trust Low Duration Opportunities ETF Company Profile

(Get Free Report)

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.

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