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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) declared a monthly dividend on Thursday, August 20th, NASDAQ Dividends reports. Shareholders of record on Friday, August 21st will be paid a dividend of 0.17 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 21st.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded down $0.18 during trading on Friday, hitting $49.53. 403,739 shares of the company’s stock were exchanged, compared to its average volume of 549,697. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98. The stock has a 50 day moving average price of $49.69 and a 200 day moving average price of $49.89.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Certified Advisory Corp grew its holdings in shares of First Trust Low Duration Opportunities ETF by 3.2% in the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after acquiring an additional 200 shares in the last quarter. Helium Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 1.0% during the first quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock worth $1,039,000 after acquiring an additional 210 shares in the last quarter. Valley Financial Group Inc. boosted its position in First Trust Low Duration Opportunities ETF by 1.9% during the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after purchasing an additional 246 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing an additional 250 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF by 0.7% during the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock valued at $2,375,000 after purchasing an additional 318 shares during 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.