First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Unusually-High Trading Volume

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw unusually-high trading volume on Tuesday . Approximately 798,284 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 459,241 shares.The stock last traded at $48.94 and had previously closed at $48.98.

First Trust Low Duration Opportunities ETF Stock Down 0.0 %

The company’s 50 day simple moving average is $48.36 and its 200 day simple moving average is $48.16.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, July 23rd.

Institutional Trading of First Trust Low Duration Opportunities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stephens Inc. AR grew its holdings 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 raised its position in shares of First Trust Low Duration Opportunities ETF by 9.2% in the 4th quarter. Imprint Wealth LLC now owns 37,788 shares of the company’s stock worth $1,826,000 after buying an additional 3,174 shares during the period. Principal Securities Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth $1,498,000. Friedenthal Financial grew its position in First Trust Low Duration Opportunities ETF by 1.8% during the fourth quarter. Friedenthal Financial now owns 50,420 shares of the company’s stock valued at $2,436,000 after acquiring an additional 874 shares during the period. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $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.