RFG Advisory LLC Acquires 69,392 Shares of First Trust Low Duration Opportunities ETF $LMBS

RFG Advisory LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 136.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,237 shares of the company’s stock after buying an additional 69,392 shares during the quarter. RFG Advisory LLC owned approximately 0.10% of First Trust Low Duration Opportunities ETF worth $5,989,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Betterment LLC raised its holdings in First Trust Low Duration Opportunities ETF by 11.4% during the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after acquiring an additional 681 shares in the last quarter. Darwin Wealth Management LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $8,409,000. Raymond James Financial Inc. increased its position in shares of 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 purchasing an additional 185,249 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $890,000. Finally, Bank of America Corp DE raised its stake in shares of First Trust Low Duration Opportunities ETF by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after purchasing an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.94 on Thursday. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98. The firm has a fifty day simple moving average of $49.87 and a 200 day simple moving average of $50.01.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, May 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.