Assetmark Inc. Purchases 45,470 Shares of First Trust Low Duration Opportunities ETF $LMBS

Assetmark Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 18.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,522 shares of the company’s stock after purchasing an additional 45,470 shares during the quarter. Assetmark Inc. owned 0.27% of First Trust Low Duration Opportunities ETF worth $14,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avestar Capital LLC raised its stake in First Trust Low Duration Opportunities ETF by 1.2% during the 2nd quarter. Avestar Capital LLC now owns 18,040 shares of the company’s stock worth $889,000 after buying an additional 208 shares during the period. Iams Wealth Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 0.6% during the 3rd quarter. Iams Wealth Management LLC now owns 37,073 shares of the company’s stock valued at $1,846,000 after purchasing an additional 212 shares in the last quarter. TrueWealth Advisors LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 5.4% in the 3rd quarter. TrueWealth Advisors LLC now owns 5,588 shares of the company’s stock valued at $278,000 after purchasing an additional 286 shares during the period. VestGen Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 0.5% during the 2nd quarter. VestGen Advisors LLC now owns 60,981 shares of the company’s stock worth $3,004,000 after purchasing an additional 287 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in First Trust Low Duration Opportunities ETF by 1.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 29,114 shares of the company’s stock worth $1,431,000 after buying an additional 310 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.2%

Shares of LMBS opened at $50.43 on Monday. First Trust Low Duration Opportunities ETF has a twelve month low of $48.37 and a twelve month high of $51.98. The firm’s 50 day moving average price is $50.09 and its two-hundred day moving average price is $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, January 21st.

About First Trust Low Duration Opportunities ETF

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.