First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Bought by Financial Advocates Investment Management

Financial Advocates Investment Management raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 56.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,047 shares of the company’s stock after buying an additional 39,595 shares during the period. Financial Advocates Investment Management owned about 0.12% of First Trust Low Duration Opportunities ETF worth $5,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LMBS. Palisade Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the first quarter valued at $25,000. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $30,000. Hilltop National Bank acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $42,000. Chris Bulman Inc purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $43,000. Finally, Triad Wealth Partners LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $44,000.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of NASDAQ LMBS opened at $48.66 on Thursday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The stock has a 50 day moving average of $49.18 and a two-hundred day moving average of $48.59.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, October 22nd.

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.