First Trust Advisors LP Has $75.75 Million Position in First Trust Low Duration Opportunities ETF $LMBS

First Trust Advisors LP boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 15.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,520,880 shares of the company’s stock after purchasing an additional 199,426 shares during the period. First Trust Advisors LP owned about 1.23% of First Trust Low Duration Opportunities ETF worth $75,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Center For Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $1,555,000. Embree Financial Group bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $861,000. Secure Asset Management LLC grew its holdings in First Trust Low Duration Opportunities ETF by 4.9% during the fourth quarter. Secure Asset Management LLC now owns 252,620 shares of the company’s stock valued at $12,628,000 after purchasing an additional 11,896 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 30.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 458,338 shares of the company’s stock valued at $22,912,000 after purchasing an additional 108,212 shares during the last quarter. Finally, Prism Advisors Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 10.4% in the fourth quarter. Prism Advisors Inc. now owns 305,394 shares of the company’s stock valued at $15,267,000 after purchasing an additional 28,886 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.37 on Friday. The company’s 50 day moving average is $49.74 and its 200-day moving average is $49.96. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be paid a $0.17 dividend. The ex-dividend date is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.