First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Hits New 52-Week High at $51.49

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $51.49 and last traded at $49.41, with a volume of 102999 shares changing hands. The stock had previously closed at $49.41.

First Trust Low Duration Opportunities ETF Stock Down 0.0 %

The company’s fifty day moving average price is $49.09 and its two-hundred day moving average price is $48.44.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.04 annualized dividend and a yield of 4.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LMBS. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $2,431,000. Cetera Investment Advisers increased its position in First Trust Low Duration Opportunities ETF by 17.5% in the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after acquiring an additional 140,132 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth approximately $30,000. Traction Financial Partners LLC raised its position in First Trust Low Duration Opportunities ETF by 3.4% in the 2nd quarter. Traction Financial Partners LLC now owns 35,917 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Gateway Wealth Partners LLC raised its position in First Trust Low Duration Opportunities ETF by 6.5% in the 2nd quarter. Gateway Wealth Partners LLC now owns 19,443 shares of the company’s stock worth $934,000 after purchasing an additional 1,181 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.