First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large Volume Increase – Here’s Why

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 mid-day 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 Performance

The company has a 50 day moving average price of $49.99 and a 200 day moving average price of $49.69.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, December 12th.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Avestar Capital LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 1.2% during the second quarter. Avestar Capital LLC now owns 18,040 shares of the company’s stock worth $889,000 after purchasing an additional 208 shares during the period. Iams Wealth Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 0.6% during the third quarter. Iams Wealth Management LLC now owns 37,073 shares of the company’s stock worth $1,846,000 after buying an additional 212 shares in the last quarter. Condor Capital Management boosted its position in shares of First Trust Low Duration Opportunities ETF by 0.4% in the third quarter. Condor Capital Management now owns 50,896 shares of the company’s stock valued at $2,534,000 after acquiring an additional 228 shares during the period. Lion Street Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 5.7% in the third quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock valued at $222,000 after acquiring an additional 236 shares in the last quarter. Finally, Valley Financial Group Inc. increased its position in First Trust Low Duration Opportunities ETF by 1.9% during the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock worth $663,000 after acquiring an additional 246 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.