Parallel Advisors LLC Increases Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Parallel Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 15.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,323 shares of the company’s stock after buying an additional 593 shares during the quarter. Parallel Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $213,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1,812.4% during the 1st quarter. Golden State Wealth Management LLC now owns 4,781 shares of the company’s stock valued at $235,000 after buying an additional 4,531 shares during the period. Dynamic Advisor Solutions LLC grew its stake in First Trust Low Duration Opportunities ETF by 14.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 9,933 shares of the company’s stock valued at $488,000 after purchasing an additional 1,282 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 1st quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC grew its stake in First Trust Low Duration Opportunities ETF by 25.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,074 shares of the company’s stock valued at $1,872,000 after purchasing an additional 7,700 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in First Trust Low Duration Opportunities ETF by 4,472.9% during the 1st quarter. GAMMA Investing LLC now owns 64,203 shares of the company’s stock valued at $3,156,000 after purchasing an additional 62,799 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $49.99 on Monday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.32 and a fifty-two week high of $51.49. The business has a 50 day moving average price of $49.51 and a two-hundred day moving average price of $49.18.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, August 21st.

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.