First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $48.89 and traded as low as $48.78. First Trust Low Duration Opportunities ETF shares last traded at $48.79, with a volume of 501,683 shares changing hands.

First Trust Low Duration Opportunities ETF Stock Performance

The stock’s 50-day moving average price is $48.89 and its 200-day moving average price is $49.63.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, October 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.04 annualized dividend and a yield of 4.2%.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several large investors have recently bought and sold shares of LMBS. HighTower Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $110,486,000. First Trust Advisors LP acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $104,646,000. Commonwealth Equity Services LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $78,781,000. International Assets Investment Management LLC increased its holdings in First Trust Low Duration Opportunities ETF by 4,412.0% during the 3rd quarter. International Assets Investment Management LLC now owns 600,000 shares of the company’s stock valued at $29,076,000 after acquiring an additional 586,702 shares in the last quarter. Finally, Financial Enhancement Group LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $26,082,000.

First Trust Low Duration Opportunities ETF Company Profile

(Get Free Report)

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.

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