First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Reaches New 1-Year High at $51.49

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $51.49 and last traded at $49.41, with a volume of 102999 shares changing hands. The stock had previously closed at $49.41.

First Trust Low Duration Opportunities ETF Price Performance

The firm’s fifty day simple moving average is $49.07 and its 200 day simple moving average is $48.43.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.04 dividend on an annualized basis and a yield of 4.13%.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Palisade Asset Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $25,000. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $30,000. Hilltop National Bank acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth $42,000. Chris Bulman Inc purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $43,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $44,000.

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.