First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sets New 52-Week High – What’s Next?

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.28 and last traded at $50.2050, with a volume of 87444 shares traded. The stock had previously closed at $50.19.

First Trust Low Duration Opportunities ETF Price Performance

The firm has a 50 day moving average of $50.00 and a 200-day moving average of $49.75.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $22,376,000. Bank of America Corp DE raised its position in First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in First Trust Low Duration Opportunities ETF by 66.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock valued at $30,141,000 after purchasing an additional 242,154 shares in the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after purchasing an additional 214,907 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 139.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock valued at $15,056,000 after purchasing an additional 177,987 shares in the last quarter.

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.