Benjamin Edwards Inc. Has $3.45 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Benjamin Edwards Inc. boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1,308.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,784 shares of the company’s stock after purchasing an additional 64,831 shares during the period. Benjamin Edwards Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hershey Financial Advisers LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $30,000. Chris Bulman Inc acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $43,000. Triad Wealth Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $44,000. GAMMA Investing LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $62,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $76,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of LMBS stock opened at $49.04 on Thursday. The stock’s fifty day simple moving average is $48.91 and its 200 day simple moving average is $48.75. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, November 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.