Marino Stram & Associates LLC Acquires 15,981 Shares of First Trust Low Duration Opportunities ETF $LMBS

Marino Stram & Associates LLC raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 47.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,418 shares of the company’s stock after buying an additional 15,981 shares during the quarter. Marino Stram & Associates LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,470,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $22,376,000. Bank of America Corp DE grew its stake in shares of 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 worth $80,319,000 after acquiring an additional 248,784 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in First Trust Low Duration Opportunities ETF by 66.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock worth $30,141,000 after acquiring an additional 242,154 shares during the period. Raymond James Financial Inc. increased its position in First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after acquiring an additional 214,907 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in First Trust Low Duration Opportunities ETF by 139.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock valued at $15,056,000 after purchasing an additional 177,987 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.88 on Friday. The firm has a fifty day moving average price of $50.14 and a two-hundred day moving average price of $50.04. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 26th. 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.