First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Hits New 12-Month Low – Time to Sell?

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) shares reached a new 52-week low on Wednesday . The stock traded as low as $47.87 and last traded at $49.89, with a volume of 435915 shares trading hands. The stock had previously closed at $49.90.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

The business’s fifty day simple moving average is $50.00 and its 200-day simple moving average is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 95.3% during the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock valued at $72,693,000 after buying an additional 709,693 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at approximately $33,401,000. Elevation Point Wealth Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $22,376,000. Axxcess Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1,602.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after purchasing an additional 391,503 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 46.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock worth $60,379,000 after purchasing an additional 382,941 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.