First Trust Low Duration Opportunities ETF (LMBS) to Issue Monthly Dividend of $0.17 on September 30th

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) declared a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.17 per share on Wednesday, September 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Low Duration Opportunities ETF Trading Down 0.7%

First Trust Low Duration Opportunities ETF stock opened at $48.60 on Friday. The stock has a 50 day moving average of $49.46 and a 200-day moving average of $49.72. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LMBS. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth about $35,000. Hazlett Burt & Watson Inc. grew its stake in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at about $49,000. Motiv8 Investments LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $56,000. Finally, NI Acquisitions Company LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $67,000.

First Trust Low Duration Opportunities ETF Company Profile

(Get Free Report)

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.

See Also

Dividend History for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

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