First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Reaches New 52-Week Low – Here’s Why

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $47.61 and last traded at $48.4950, with a volume of 22532 shares traded. The stock had previously closed at $48.49.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

The business’s fifty day simple moving average is $49.28 and its 200 day simple moving average is $49.62.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Low Duration Opportunities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after acquiring an additional 372,725 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Low Duration Opportunities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after purchasing an additional 171,648 shares during the period. Bank of America Corp DE boosted its position in First Trust Low Duration Opportunities ETF by 11.9% during the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after purchasing an additional 212,258 shares during the period. First Trust Advisors LP increased its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% in the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after purchasing an additional 199,426 shares in the last quarter. Finally, Berger Financial Group Inc increased its stake in shares of First Trust Low Duration Opportunities ETF by 6.9% in the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after purchasing an additional 72,760 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.