First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Plans Monthly Dividend of $0.17

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be given a dividend of 0.17 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS traded down $0.14 during mid-day trading on Thursday, reaching $49.80. The company’s stock had a trading volume of 360,195 shares, compared to its average volume of 560,230. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98. The business has a 50-day simple moving average of $49.87 and a two-hundred day simple moving average of $50.01.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Hedge funds have recently added to or reduced their stakes in the business. Betterment LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 11.4% in the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock valued at $329,000 after purchasing an additional 681 shares during the period. Darwin Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $8,409,000. Raymond James Financial Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after purchasing an additional 185,249 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $890,000. Finally, Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 18.0% in the 2nd 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 during the period.

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.