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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) shares saw an uptick in trading volume on Tuesday . 798,284 shares were traded 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 Performance

The stock’s 50-day moving average is $48.36 and its 200-day moving average is $48.16.

First Trust Low Duration Opportunities ETF Announces Dividend

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

Institutional Trading of First Trust Low Duration Opportunities ETF

Several institutional investors have recently modified their holdings of LMBS. Chris Bulman Inc bought a new position in First Trust Low Duration Opportunities ETF during the second quarter worth about $43,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $53,000. Gentry Private Wealth LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $1,280,000. TD Capital Management LLC grew its position in First Trust Low Duration Opportunities ETF by 10.0% in the second quarter. TD Capital Management LLC now owns 339,453 shares of the company’s stock valued at $16,311,000 after acquiring an additional 30,856 shares during the period. Finally, Larson Financial Group LLC raised its stake in First Trust Low Duration Opportunities ETF by 132.0% during the second quarter. Larson Financial Group LLC now owns 5,780 shares of the company’s stock worth $278,000 after acquiring an additional 3,289 shares in the last quarter.

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.