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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) declared a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.17 per share on Monday, November 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, October 21st.

First Trust Low Duration Opportunities ETF Trading Down 0.3%

Shares of LMBS traded down $0.13 during midday trading on Wednesday, hitting $48.61. 203,268 shares of the stock were exchanged, compared to its average volume of 570,834. First Trust Low Duration Opportunities ETF has a 52-week low of $47.60 and a 52-week high of $51.98. The stock has a fifty day simple moving average of $49.12 and a 200 day simple moving average of $49.55.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Certified Advisory Corp raised its holdings in shares of First Trust Low Duration Opportunities ETF by 3.2% in the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after purchasing an additional 200 shares in the last quarter. Helium Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.0% during the 1st quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock worth $1,039,000 after purchasing an additional 210 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.7% during the 1st quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock worth $2,375,000 after purchasing an additional 318 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 9.3% during the first quarter. Pinnacle Bancorp Inc. now owns 4,100 shares of the company’s stock worth $204,000 after purchasing an additional 350 shares in the last quarter. Finally, True Blue Financial LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 1.2% during the first quarter. True Blue Financial LLC now owns 30,141 shares of the company’s stock worth $1,501,000 after purchasing an additional 357 shares in 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.