IFP Advisors Inc Buys 54,880 Shares of First Trust Low Duration Opportunities ETF $LMBS

IFP Advisors Inc boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,226 shares of the company’s stock after purchasing an additional 54,880 shares during the quarter. IFP Advisors Inc owned approximately 0.22% of First Trust Low Duration Opportunities ETF worth $11,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 11.2% in the first quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock worth $167,648,000 after acquiring an additional 343,406 shares in the last quarter. HighTower Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 92.9% in the first quarter. HighTower Advisors LLC now owns 706,227 shares of the company’s stock worth $34,718,000 after acquiring an additional 340,107 shares in the last quarter. Financial Enhancement Group LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 97.2% in the first quarter. Financial Enhancement Group LLC now owns 497,099 shares of the company’s stock worth $24,219,000 after acquiring an additional 244,979 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $8,650,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 139.0% during the first quarter. Geneos Wealth Management Inc. now owns 300,098 shares of the company’s stock valued at $14,753,000 after purchasing an additional 174,545 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of NASDAQ:LMBS opened at $49.87 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.32 and a 1 year high of $50.25. The stock’s fifty day moving average price is $49.69 and its 200-day moving average price is $49.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.