Heartland Bank & Trust Co Buys Shares of 113,616 First Trust Low Duration Opportunities ETF $LMBS

Heartland Bank & Trust Co bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 113,616 shares of the company’s stock, valued at approximately $5,659,000. First Trust Low Duration Opportunities ETF comprises about 1.3% of Heartland Bank & Trust Co’s holdings, making the stock its 14th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Morgan Stanley lifted its stake in shares of First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after acquiring an additional 338,741 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after acquiring an additional 87,626 shares in the last quarter. Raymond James Financial Inc. grew its position in First Trust Low Duration Opportunities ETF by 6.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after acquiring an additional 256,318 shares during the last quarter. Royal Bank of Canada grew its position in First Trust Low Duration Opportunities ETF by 7.5% during the 4th quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock worth $143,479,000 after acquiring an additional 199,486 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in First Trust Low Duration Opportunities ETF by 15.1% in the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after purchasing an additional 246,797 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of LMBS opened at $49.78 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The business has a 50-day simple moving average of $49.77 and a two-hundred day simple moving average of $49.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

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.