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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.17 per share on Tuesday, December 31st. This represents a $2.04 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, December 13th.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of LMBS traded down $0.05 on Friday, reaching $48.78. 336,639 shares of the company’s stock were exchanged, compared to its average volume of 476,893. The business has a 50 day moving average price of $48.87 and a two-hundred day moving average price of $48.79. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

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.