First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Strong Trading Volume – Still a Buy?

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw unusually-high trading volume on Tuesday . Approximately 1,122,544 shares traded hands during trading, an increase of 133% from the previous session’s volume of 481,504 shares.The stock last traded at $50.0150 and had previously closed at $50.11.

First Trust Low Duration Opportunities ETF Stock Down 0.2%

The business has a fifty day moving average price of $49.99 and a 200 day moving average price of $49.69.

First Trust Low Duration Opportunities ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $22,376,000. Bank of America Corp DE lifted its stake in First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 66.7% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock valued at $30,141,000 after acquiring an additional 242,154 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% in 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. Finally, Geneos Wealth Management Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 139.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock valued at $15,056,000 after purchasing an additional 177,987 shares during the last quarter.

About First Trust Low Duration Opportunities ETF

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.