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

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

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded down $0.24 during trading on Tuesday, hitting $49.53. 403,052 shares of the company’s stock traded hands, compared to its average volume of 570,098. The stock has a fifty day moving average of $49.77 and a two-hundred day moving average of $49.98. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

Institutional Trading of First Trust Low Duration Opportunities ETF

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 95.3% in the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after purchasing an additional 709,693 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $33,401,000. Axxcess Wealth Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 1,602.6% in the 4th 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 during the period. Concurrent Investment Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 46.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock valued at $60,379,000 after purchasing an additional 382,941 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in First Trust Low Duration Opportunities ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 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.