Envestnet Asset Management Inc. Buys 39,802 Shares of First Trust Low Duration Opportunities ETF $LMBS

Envestnet Asset Management Inc. grew its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010,238 shares of the company’s stock after acquiring an additional 39,802 shares during the period. Envestnet Asset Management Inc. owned 0.91% of First Trust Low Duration Opportunities ETF worth $50,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd 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 in the last quarter. Cetera Investment Advisers increased its position in First Trust Low Duration Opportunities ETF by 7.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,841,616 shares of the company’s stock valued at $90,718,000 after buying an additional 128,743 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Low Duration Opportunities ETF by 18.0% during 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 acquiring an additional 248,784 shares in the last quarter. First Trust Advisors LP grew its position in First Trust Low Duration Opportunities ETF by 11.5% during the 2nd quarter. First Trust Advisors LP now owns 1,103,235 shares of the company’s stock worth $54,345,000 after purchasing an additional 113,364 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% during the third quarter. Commonwealth Equity Services LLC now owns 1,024,084 shares of the company’s stock valued at $50,989,000 after buying an additional 78,316 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $50.23 on Tuesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98. The stock’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $49.88.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.17 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.