First Trust Low Duration Opportunities ETF $LMBS Shares Newly Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC acquired a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,625,681 shares of the company’s stock, valued at approximately $78,781,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the first quarter valued at approximately $35,000. Coppell Advisory Solutions LLC acquired a new position in First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $49,000. NI Acquisitions Company LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter worth approximately $67,000. Finally, NBT Bank N.A. purchased a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth approximately $69,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS traded up $0.04 during midday trading on Friday, hitting $49.14. 654,381 shares of the company’s stock traded hands, compared to its average volume of 576,726. The firm’s fifty day moving average price is $48.93 and its two-hundred day moving average price is $49.65. First Trust Low Duration Opportunities ETF has a twelve month low of $47.60 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, October 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, October 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.