First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Hits New 52-Week High – Time to Buy?

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $50.28 and last traded at $50.2050, with a volume of 87444 shares. The stock had previously closed at $50.19.

First Trust Low Duration Opportunities ETF Stock Performance

The stock has a 50-day moving average of $50.02 and a 200-day moving average of $49.77.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Trading of First Trust Low Duration Opportunities ETF

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 6.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock valued at $189,721,000 after purchasing an additional 214,907 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% in the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after purchasing an additional 246,797 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust Low Duration Opportunities ETF by 7.5% during the second quarter. Cetera Investment Advisers now owns 1,841,616 shares of the company’s stock valued at $90,718,000 after buying an additional 128,743 shares during the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Low Duration Opportunities ETF by 11.7% during the third quarter. First Trust Advisors LP now owns 1,232,615 shares of the company’s stock worth $61,372,000 after buying an additional 129,380 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 8.3% during the third quarter. Commonwealth Equity Services LLC now owns 1,024,084 shares of the company’s stock worth $50,989,000 after buying an additional 78,316 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.