Covington Capital Management Has $375,000 Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Covington Capital Management boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2,465.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,362 shares of the company’s stock after purchasing an additional 7,075 shares during the quarter. Covington Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LMBS. Weitzel Financial Services Inc. raised its stake in First Trust Low Duration Opportunities ETF by 5,175.9% in the 2nd quarter. Weitzel Financial Services Inc. now owns 11,315,967 shares of the company’s stock worth $222,843,000 after purchasing an additional 11,101,482 shares in the last quarter. Susquehanna International Group LLP raised its stake in First Trust Low Duration Opportunities ETF by 3,696.2% in the 2nd quarter. Susquehanna International Group LLP now owns 8,140,282 shares of the company’s stock worth $414,340,000 after purchasing an additional 7,925,848 shares in the last quarter. Jane Street Group LLC raised its stake in First Trust Low Duration Opportunities ETF by 110.9% in the 1st quarter. Jane Street Group LLC now owns 3,297,398 shares of the company’s stock worth $168,365,000 after purchasing an additional 1,733,596 shares in the last quarter. Morgan Stanley raised its stake in First Trust Low Duration Opportunities ETF by 7.8% in the 1st quarter. Morgan Stanley now owns 18,008,588 shares of the company’s stock worth $919,519,000 after purchasing an additional 1,307,565 shares in the last quarter. Finally, Vivaldi Capital Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter worth about $24,118,000.

Shares of NASDAQ:LMBS opened at $50.54 on Thursday. The firm has a 50 day moving average of $50.67 and a 200-day moving average of $50.89. First Trust Low Duration Opportunities ETF has a 12 month low of $50.49 and a 12 month high of $51.67.

The company also recently announced a monthly dividend, which was paid on Thursday, September 30th. Stockholders of record on Friday, September 24th were given a $0.078 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, September 23rd.

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Institutional Ownership by Quarter for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

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