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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) declared a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Low Duration Opportunities ETF Trading Down 0.5%

Shares of NASDAQ:LMBS traded down $0.26 during trading hours on Thursday, reaching $48.70. The stock had a trading volume of 108,590 shares, compared to its average volume of 544,343. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98. The firm’s 50 day moving average is $49.48 and its 200-day moving average is $49.73.

About First Trust Low Duration Opportunities ETF

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.