First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shareholders to Receive $0.17 Monthly Dividend

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.17 per share on Monday, November 2nd. 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.

First Trust Low Duration Opportunities ETF Stock Down 0.3%

NASDAQ:LMBS traded down $0.13 during midday trading on Wednesday, hitting $48.61. The company had a trading volume of 181,770 shares, compared to its average volume of 570,757. First Trust Low Duration Opportunities ETF has a 52-week low of $47.60 and a 52-week high of $51.98. The stock’s fifty day moving average price is $49.12 and its 200-day moving average price is $49.55.

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.