First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Plans $0.17 Monthly Dividend

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.17 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Low Duration Opportunities ETF Stock Down 0.5%

Shares of LMBS traded down $0.26 during mid-day trading on Thursday, hitting $48.70. 108,590 shares of the company’s stock were exchanged, compared to its average volume of 544,343. The stock’s 50-day moving average is $49.48 and its 200-day moving average is $49.73. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

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.