First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $48.98 and traded as high as $49.01. First Trust Low Duration Opportunities ETF shares last traded at $48.99, with a volume of 506,048 shares changing hands.
First Trust Low Duration Opportunities ETF Price Performance
The company’s 50-day moving average is $48.98 and its 200 day moving average is $49.68.
First Trust Low Duration Opportunities ETF Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 21st.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $35,000. Coppell Advisory Solutions LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $49,000. NI Acquisitions Company LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth $67,000. Finally, NBT Bank N.A. acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $69,000.
First Trust Low Duration Opportunities ETF Company Profile
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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