First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Break Above Fifty Day Moving Average – Here’s Why

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $48.98 and traded as high as $49.01. First Trust Low Duration Opportunities ETF shares last traded at $48.99, with a volume of 506,048 shares traded.

First Trust Low Duration Opportunities ETF Stock Up 0.3%

The business’s fifty day moving average is $48.98 and its two-hundred day moving average is $49.68.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 21st.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several large investors have recently added to or reduced their stakes in LMBS. Chicago Partners Investment Group LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 3.8% in the third quarter. Chicago Partners Investment Group LLC now owns 26,387 shares of the company’s stock valued at $1,287,000 after purchasing an additional 971 shares during the last quarter. Team Financial Group LLC raised its position in First Trust Low Duration Opportunities ETF by 6.9% in the 3rd quarter. Team Financial Group LLC now owns 33,933 shares of the company’s stock worth $1,644,000 after purchasing an additional 2,205 shares during the period. Provenance Wealth Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $223,000. Lunt Capital Management Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 2.6% in the 3rd quarter. Lunt Capital Management Inc. now owns 141,308 shares of the company’s stock worth $6,848,000 after buying an additional 3,624 shares during the period. Finally, Integrity Alliance LLC. bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $282,000.

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.