First Trust Low Duration Opportunities ETF (LMBS) to Distribute Monthly Dividend of $0.17 on August 31st

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

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.53 on Friday. The business has a 50 day moving average price of $49.68 and a 200 day moving average price of $49.89. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC grew its stake in First Trust Low Duration Opportunities ETF by 95.3% in the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock valued at $72,693,000 after buying an additional 709,693 shares during the last quarter. Jane Street Group LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $33,401,000. Axxcess Wealth Management LLC lifted its position in First Trust Low Duration Opportunities ETF by 1,602.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock worth $20,792,000 after acquiring an additional 391,503 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 46.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock valued at $60,379,000 after acquiring an additional 382,941 shares during the period. Finally, Royal Bank of Canada boosted its holdings in First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after acquiring an additional 372,725 shares during the period.

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.