First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Unusually-High Trading Volume – Time to Buy?

Posted by Dante Gardener on Nov 15th, 2024

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 309,586 shares changed hands during trading, a decline of 35% from the previous session’s volume of 474,295 shares.The stock last traded at $48.78 and had previously closed at $48.68.

First Trust Low Duration Opportunities ETF Stock Performance

The company’s 50-day simple moving average is $49.11 and its 200 day simple moving average is $48.66.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at about $30,000. Hilltop National Bank purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $42,000. Chris Bulman Inc purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $43,000. Triad Wealth Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $44,000. Finally, GAMMA Investing LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $62,000.

About First Trust Low Duration Opportunities ETF

(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.