First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Strong Trading Volume – What’s Next?
by Mitch Edgeman · The Markets DailyShares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,122,544 shares were traded during trading, an increase of 133% from the previous session’s volume of 481,504 shares.The stock last traded at $50.0150 and had previously closed at $50.11.
First Trust Low Duration Opportunities ETF Price Performance
The stock’s 50-day moving average price is $49.99 and its 200-day moving average price is $49.70.
First Trust Low Duration Opportunities ETF Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 4.1%.
Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF
Institutional investors have recently made changes to their positions in the stock. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $26,000. CX Institutional bought a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $28,000. Financial Network Wealth Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $29,000. Creekmur Asset Management LLC lifted its stake in First Trust Low Duration Opportunities ETF by 497.2% in the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $31,000.
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.