First Trust Low Duration Opportunities ETF $LMBS Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 11.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,232,615 shares of the company’s stock after purchasing an additional 129,380 shares during the period. First Trust Advisors LP’s holdings in First Trust Low Duration Opportunities ETF were worth $61,372,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Raymond James Financial Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after acquiring an additional 185,249 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Low Duration Opportunities ETF by 7.5% in the second quarter. Cetera Investment Advisers now owns 1,841,616 shares of the company’s stock valued at $90,718,000 after purchasing an additional 128,743 shares during the last quarter. Bank of America Corp DE boosted its holdings in First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in First Trust Low Duration Opportunities ETF by 8.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,024,084 shares of the company’s stock valued at $50,989,000 after purchasing an additional 78,316 shares in the last quarter. Finally, Berger Financial Group Inc grew its stake in First Trust Low Duration Opportunities ETF by 2.1% during the 3rd quarter. Berger Financial Group Inc now owns 1,011,741 shares of the company’s stock valued at $50,375,000 after purchasing an additional 20,541 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $50.24 on Wednesday. The stock’s 50 day moving average is $50.20 and its two-hundred day moving average is $50.02. First Trust Low Duration Opportunities ETF has a 52-week low of $48.37 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

First Trust Low Duration Opportunities ETF 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.