First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Reaches New 1-Year Low – Should You Sell?

Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $47.61 and last traded at $48.4950, with a volume of 22532 shares changing hands. The stock had previously closed at $48.49.

First Trust Low Duration Opportunities ETF Stock Performance

The business has a 50 day moving average of $49.28 and a 200-day moving average of $49.62.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of hedge funds have recently made changes to their positions in LMBS. Royal Bank of Canada lifted its stake in First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Low Duration Opportunities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after purchasing an additional 171,648 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust Low Duration Opportunities ETF by 11.9% during the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after buying an additional 212,258 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% during the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock valued at $75,755,000 after buying an additional 199,426 shares in the last quarter. Finally, Berger Financial Group Inc lifted its position in First Trust Low Duration Opportunities ETF by 6.9% in the 1st quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after buying an additional 72,760 shares during the last quarter.

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.