First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Unusually-High Trading Volume

Posted by Chris Copeland on Jul 5th, 2024

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) saw unusually-high trading volume on Friday . Approximately 228,841 shares changed hands during trading, a decline of 49% from the previous session’s volume of 445,982 shares.The stock last traded at $48.24 and had previously closed at $48.11.

First Trust Low Duration Opportunities ETF Stock Performance

The company’s 50-day simple moving average is $48.07 and its 200 day simple moving average is $48.12.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.04 annualized dividend and a yield of 4.23%.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several institutional investors have recently bought and sold shares of LMBS. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at $25,000. Y.D. More Investments Ltd purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at $27,000. GAMMA Investing LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $62,000. Scarborough Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at $64,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 26.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock valued at $104,000 after acquiring an additional 445 shares during the period.

About First Trust Low Duration Opportunities ETF

(Get Free Report)

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.