NewEdge Advisors LLC Increases Stock Position in First Trust Low Duration Opportunities ETF $LMBS

NewEdge Advisors LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 309,900 shares of the company’s stock after purchasing an additional 20,491 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $15,266,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 11.2% in the 1st quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock valued at $167,648,000 after buying an additional 343,406 shares during the period. Cetera Investment Advisers raised its position in First Trust Low Duration Opportunities ETF by 7.5% in the second quarter. Cetera Investment Advisers now owns 1,841,616 shares of the company’s stock worth $90,718,000 after acquiring an additional 128,743 shares in the last quarter. First Trust Advisors LP lifted its holdings in First Trust Low Duration Opportunities ETF by 11.5% in the second quarter. First Trust Advisors LP now owns 1,103,235 shares of the company’s stock valued at $54,345,000 after acquiring an additional 113,364 shares during the period. Berger Financial Group Inc boosted its position in shares of First Trust Low Duration Opportunities ETF by 2.1% during the 2nd quarter. Berger Financial Group Inc now owns 991,200 shares of the company’s stock worth $48,827,000 after purchasing an additional 20,827 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 970,436 shares of the company’s stock worth $47,804,000 after purchasing an additional 41,990 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

NASDAQ:LMBS opened at $50.05 on Friday. The firm’s fifty day simple moving average is $49.99 and its 200-day simple moving average is $49.59. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.32 and a fifty-two week high of $50.25.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 12th. 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.