First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) is Prism Advisors Inc.’s 8th Largest Position

Posted by Matthew Jenks on Oct 16th, 2024

Prism Advisors Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 6.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 279,833 shares of the company’s stock after acquiring an additional 17,645 shares during the period. First Trust Low Duration Opportunities ETF makes up about 4.0% of Prism Advisors Inc.’s holdings, making the stock its 8th largest holding. Prism Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $13,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Palisade Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at approximately $25,000. Hershey Financial Advisers LLC bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth $30,000. Hilltop National Bank bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth $42,000. Chris Bulman Inc bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth $43,000. Finally, Triad Wealth Partners LLC bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth $44,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.11 on Wednesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The business has a fifty day moving average of $49.21 and a 200 day moving average of $48.53.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

First Trust Low Duration Opportunities ETF Company Profile

(Free Report)

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.