Sovran Advisors LLC Boosts Position in First Trust Low Duration Opportunities ETF $LMBS

Sovran Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 152.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,023 shares of the company’s stock after purchasing an additional 62,811 shares during the period. Sovran Advisors LLC owned about 0.09% of First Trust Low Duration Opportunities ETF worth $5,227,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% in 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 during the last quarter. Bank of America Corp DE increased its holdings in First Trust Low Duration Opportunities ETF by 15.1% during the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after buying an additional 246,797 shares during the last quarter. First Trust Advisors LP raised its position in First Trust Low Duration Opportunities ETF by 11.7% in the third quarter. First Trust Advisors LP now owns 1,232,615 shares of the company’s stock worth $61,372,000 after acquiring an additional 129,380 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 8.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,024,084 shares of the company’s stock worth $50,989,000 after acquiring an additional 78,316 shares during the last quarter. Finally, Berger Financial Group Inc boosted its stake in shares of First Trust Low Duration Opportunities ETF by 2.1% during the 3rd quarter. Berger Financial Group Inc now owns 1,011,741 shares of the company’s stock worth $50,375,000 after acquiring an additional 20,541 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.88 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 and a 1 year high of $51.98. The firm has a fifty day moving average price of $50.13 and a 200-day moving average price of $50.04.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.