Grove Bank & Trust Raises Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Grove Bank & Trust raised its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,648 shares of the company’s stock after purchasing an additional 16,374 shares during the period. First Trust Low Duration Opportunities ETF accounts for 1.0% of Grove Bank & Trust’s portfolio, making the stock its 21st largest position. Grove Bank & Trust’s holdings in First Trust Low Duration Opportunities ETF were worth $6,851,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LMBS. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter valued at approximately $25,000. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $30,000. Hilltop National Bank purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $42,000. Chris Bulman Inc purchased a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $43,000. Finally, Triad Wealth Partners LLC bought a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $44,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock traded down $0.06 during trading hours on Monday, reaching $49.05. The company had a trading volume of 180,567 shares, compared to its average volume of 482,691. The business has a fifty day moving average price of $49.20 and a 200-day moving average price of $48.52. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Thursday, September 26th.

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.