First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sets New 1-Year High – What’s Next?

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $50.25 and last traded at $50.0260, with a volume of 31703 shares trading hands. The stock had previously closed at $50.04.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

The stock has a 50 day moving average of $49.92 and a two-hundred day moving average of $49.43.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, October 21st were given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, October 21st.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of large investors have recently made changes to their positions in LMBS. Clifford Swan Investment Counsel LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 6.7% during the third quarter. Clifford Swan Investment Counsel LLC now owns 326,769 shares of the company’s stock worth $16,270,000 after buying an additional 20,642 shares in the last quarter. MAI Capital Management increased its holdings in First Trust Low Duration Opportunities ETF by 26.4% in the third quarter. MAI Capital Management now owns 11,108 shares of the company’s stock valued at $553,000 after buying an additional 2,320 shares in the last quarter. Abbot Financial Management Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 4.3% during the 3rd quarter. Abbot Financial Management Inc. now owns 39,419 shares of the company’s stock valued at $1,963,000 after acquiring an additional 1,630 shares during the period. Lake Street Private Wealth LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 23.2% during the 3rd quarter. Lake Street Private Wealth LLC now owns 5,526 shares of the company’s stock valued at $275,000 after acquiring an additional 1,039 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 8.7% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 187,019 shares of the company’s stock worth $9,312,000 after acquiring an additional 14,960 shares in the last quarter.

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.