First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Announces Monthly Dividend of $0.17

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Tuesday, August 20th, NASDAQ reports. Stockholders of record on Wednesday, August 21st will be paid a dividend of 0.17 per share on Friday, August 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Wednesday, August 21st.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS traded down $0.05 during trading hours on Wednesday, reaching $49.00. 768,395 shares of the company’s stock traded hands, compared to its average volume of 466,897. The firm’s 50 day simple moving average is $48.56 and its 200-day simple moving average is $48.22. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $49.92.

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.