Compass Financial Management LLC Invests $4.40 Million in First Trust Low Duration Opportunities ETF $LMBS

Compass Financial Management LLC bought a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 88,335 shares of the company’s stock, valued at approximately $4,397,000. Compass Financial Management LLC owned about 0.07% of First Trust Low Duration Opportunities ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LMBS. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the first quarter worth $35,000. Bank of Montreal Can boosted its holdings in First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after acquiring an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at $56,000.

First Trust Low Duration Opportunities ETF Stock Down 0.4%

NASDAQ:LMBS opened at $49.53 on Friday. The company has a 50-day moving average price of $49.68 and a 200-day moving average price of $49.89. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 21st.

First Trust Low Duration Opportunities ETF 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.