First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) to Issue Monthly Dividend of $0.17

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) declared a monthly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.17 per share on Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, March 27th.

First Trust Low Duration Opportunities ETF Trading Down 0.3 %

Shares of First Trust Low Duration Opportunities ETF stock traded down $0.14 on Thursday, hitting $49.03. 410,683 shares of the company traded hands, compared to its average volume of 474,838. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The company has a 50-day moving average price of $48.90 and a 200 day moving average price of $48.91.

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.