First Trust Low Duration Opportunities ETF (LMBS) To Go Ex-Dividend on July 21st

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) declared a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be paid a dividend of 0.17 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Low Duration Opportunities ETF Trading Down 0.5%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.53 on Wednesday. The stock has a fifty day simple moving average of $49.76 and a 200 day simple moving average of $49.97. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in First Trust Low Duration Opportunities ETF by 2.5% during the fourth quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after purchasing an additional 338,741 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after buying an additional 87,626 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 6.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after buying an additional 256,318 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after buying an additional 372,725 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Low Duration Opportunities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after acquiring an additional 171,648 shares in the last quarter.

About First Trust Low Duration Opportunities ETF

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.