First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sets New 1-Year High – Time to Buy?

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $50.28 and last traded at $50.2050, with a volume of 87444 shares traded. The stock had previously closed at $50.19.

First Trust Low Duration Opportunities ETF Price Performance

The firm has a 50 day moving average of $50.00 and a two-hundred day moving average of $49.75.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of LMBS. Elevation Point Wealth Partners LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $22,376,000. Bank of America Corp DE raised its position in First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 66.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock valued at $30,141,000 after purchasing an additional 242,154 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after purchasing an additional 214,907 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 139.4% in the second quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock valued at $15,056,000 after buying an additional 177,987 shares during the period.

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.