First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $48.89 and traded as low as $48.78. First Trust Low Duration Opportunities ETF shares last traded at $48.79, with a volume of 501,683 shares changing hands.

First Trust Low Duration Opportunities ETF Stock Performance

The stock’s 50 day moving average price is $48.89 and its two-hundred day moving average price is $49.63.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, October 21st were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, October 21st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $28,000. NI Acquisitions Company LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $67,000. NBT Bank N.A. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $69,000. Noble Wealth Management PBC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $113,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $174,000.

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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