First Trust Low Duration Opportunities ETF (LMBS) to Issue Monthly Dividend of $0.17 on June 30th

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid a dividend of 0.17 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, June 25th.

First Trust Low Duration Opportunities ETF Stock Down 0.3%

LMBS opened at $49.80 on Friday. The company has a 50 day moving average of $49.86 and a 200 day moving average of $50.01. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Several institutional investors have recently made changes to their positions in LMBS. Certified Advisory Corp grew its position in shares of First Trust Low Duration Opportunities ETF by 3.2% in the first quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after purchasing an additional 200 shares in the last quarter. TrueWealth Advisors LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 3.7% during the 4th quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock worth $290,000 after purchasing an additional 209 shares in the last quarter. Helium Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 1.0% in the 1st quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock worth $1,039,000 after purchasing an additional 210 shares during the period. Valley Financial Group Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 1.9% in the 3rd quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock worth $663,000 after purchasing an additional 246 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 38.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 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.