First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Purchased by Beacon Financial Advisory LLC

Posted by Dee Baugher on Nov 7th, 2024

Beacon Financial Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 12.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,942 shares of the company’s stock after buying an additional 754 shares during the period. Beacon Financial Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMBS. Hershey Financial Advisers LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter worth approximately $30,000. Hilltop National Bank purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $42,000. Chris Bulman Inc acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth $43,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth $44,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $53,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.56 on Thursday. The stock has a 50-day moving average price of $49.14 and a two-hundred day moving average price of $48.62. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.