First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sets New 12-Month High – Here’s Why

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.25 and last traded at $50.0650, with a volume of 21174 shares traded. The stock had previously closed at $50.07.

First Trust Low Duration Opportunities ETF Stock Performance

The company has a 50-day simple moving average of $49.96 and a 200-day simple moving average of $49.52.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, November 21st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Palisade Asset Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $26,000. CX Institutional bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $29,000. Creekmur Asset Management LLC raised its position in First Trust Low Duration Opportunities ETF by 497.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $31,000.

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.