First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Hits New 12-Month Low – Time to Sell?

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) reached a new 52-week low during trading on Wednesday . The company traded as low as $47.87 and last traded at $49.89, with a volume of 435915 shares. The stock had previously closed at $49.90.

First Trust Low Duration Opportunities ETF Trading Down 0.0%

The firm’s fifty day moving average is $50.00 and its 200 day moving average is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, April 21st.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $26,000. CX Institutional bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $28,000. Financial Network Wealth Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $29,000. Hazlett Burt & Watson Inc. increased its stake in First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter worth $35,000.

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.