First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Reaches New 1-Year High at $48.67

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) shares reached a new 52-week high on Wednesday . The company traded as high as $48.67 and last traded at $48.67, with a volume of 261456 shares traded. The stock had previously closed at $48.65.

First Trust Low Duration Opportunities ETF Stock Performance

The business’s 50-day moving average is $48.18 and its two-hundred day moving average is $48.13.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, June 27th.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Institutional investors have recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter worth about $25,000. Y.D. More Investments Ltd purchased a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $27,000. Hilltop National Bank purchased a new position in First Trust Low Duration Opportunities ETF during the second quarter worth about $42,000. GAMMA Investing LLC purchased a new position in First Trust Low Duration Opportunities ETF during the second quarter worth about $62,000. Finally, Scarborough Advisors LLC purchased a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $64,000.

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.