First Trust Low Duration Opportunities ETF $LMBS Stock: LexAurum Advisors LLC Increases Position

LexAurum Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 204,005 shares of the company’s stock after buying an additional 10,755 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for approximately 1.1% of LexAurum Advisors LLC’s holdings, making the stock its 21st largest holding. LexAurum Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $9,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independent Wealth Network Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 6.8% during the third quarter. Independent Wealth Network Inc. now owns 51,503 shares of the company’s stock valued at $2,496,000 after purchasing an additional 3,266 shares during the period. Center For Asset Management LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 9.7% during the third quarter. Center For Asset Management LLC now owns 41,237 shares of the company’s stock worth $1,998,000 after purchasing an additional 3,658 shares in the last quarter. Weitzel Financial Services Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 3.4% in the third quarter. Weitzel Financial Services Inc. now owns 276,309 shares of the company’s stock valued at $13,394,000 after purchasing an additional 9,153 shares during the period. IFC & Insurance Marketing Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 6.1% in the third quarter. IFC & Insurance Marketing Inc. now owns 42,563 shares of the company’s stock valued at $2,065,000 after purchasing an additional 2,430 shares during the period. Finally, Split Rock Private Trading & Wealth Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 28.7% in the third quarter. Split Rock Private Trading & Wealth Management LLC now owns 54,752 shares of the company’s stock valued at $2,653,000 after purchasing an additional 12,205 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded up $0.03 during trading hours on Monday, reaching $48.76. 258,754 shares of the stock traded hands, compared to its average volume of 571,009. The firm’s fifty day simple moving average is $49.15 and its two-hundred day simple moving average is $49.57. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.60 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 24th.

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.