First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Gap Up to $48.94

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) gapped up before the market opened on Monday . The stock had previously closed at $48.94, but opened at $49.92. First Trust Low Duration Opportunities ETF shares last traded at $49.08, with a volume of 50,738 shares traded.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

The firm’s fifty day simple moving average is $48.33 and its two-hundred day simple moving average is $48.16.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd were given a $0.17 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stephens Inc. AR raised its position in First Trust Low Duration Opportunities ETF by 2.3% in the fourth quarter. Stephens Inc. AR now owns 411,375 shares of the company’s stock valued at $19,878,000 after purchasing an additional 9,214 shares during the period. Imprint Wealth LLC increased its stake in First Trust Low Duration Opportunities ETF by 9.2% during the fourth quarter. Imprint Wealth LLC now owns 37,788 shares of the company’s stock worth $1,826,000 after purchasing an additional 3,174 shares during the period. Principal Securities Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $1,498,000. Friedenthal Financial boosted its stake in shares of First Trust Low Duration Opportunities ETF by 1.8% in the fourth quarter. Friedenthal Financial now owns 50,420 shares of the company’s stock valued at $2,436,000 after purchasing an additional 874 shares during the period. Finally, Robertson Stephens Wealth Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $292,000.

First Trust Low Duration Opportunities ETF Company Profile

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.