Brookstone Capital Management Boosts Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Brookstone Capital Management grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 452,717 shares of the company’s stock after acquiring an additional 18,576 shares during the quarter. Brookstone Capital Management owned about 0.39% of First Trust Low Duration Opportunities ETF worth $22,631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LMBS. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $22,376,000. Bank of America Corp DE lifted its holdings in First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 66.7% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock worth $30,141,000 after purchasing an additional 242,154 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after buying an additional 214,907 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 139.4% during the second quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock worth $15,056,000 after buying an additional 177,987 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3%

Shares of NASDAQ LMBS opened at $49.70 on Tuesday. The firm has a 50-day simple moving average of $50.15 and a 200-day simple moving average of $50.05. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a $0.17 dividend. The ex-dividend date is Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.