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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Tuesday, October 22nd will be given a dividend of 0.17 per share on Friday, November 1st. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date is Tuesday, October 22nd.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS remained flat at $48.83 during midday trading on Tuesday. 235,640 shares of the stock traded hands, compared to its average volume of 480,466. The company’s 50 day simple moving average is $49.22 and its two-hundred day simple moving average is $48.56. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

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.