First Trust Low Duration Opportunities ETF to Issue Monthly Dividend of $0.17 (NASDAQ:LMBS)

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.17 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, May 21st.

First Trust Low Duration Opportunities ETF Stock Down 0.2%

LMBS traded down $0.10 on Thursday, hitting $49.62. 486,095 shares of the company’s stock traded hands, compared to its average volume of 587,572. The company’s 50 day simple moving average is $49.94 and its 200-day simple moving average is $50.05. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year 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.