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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) declared a monthly dividend on Tuesday, January 21st,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 22nd will be paid a dividend of 0.17 per share on Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

First Trust Low Duration Opportunities ETF Trading Down 0.4 %

LMBS stock traded down $0.20 during trading on Wednesday, reaching $48.53. 321,861 shares of the company’s stock were exchanged, compared to its average volume of 581,151. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The company’s fifty day moving average price is $48.71 and its 200-day moving average price is $48.88.

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.