Insight Inv LLC Acquires 10,767 Shares of First Trust Low Duration Opportunities ETF $LMBS

Insight Inv LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,900 shares of the company’s stock after buying an additional 10,767 shares during the period. First Trust Low Duration Opportunities ETF comprises 1.5% of Insight Inv LLC’s portfolio, making the stock its 25th largest holding. Insight Inv LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $3,131,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. HighTower Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 95.3% during the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after acquiring an additional 709,693 shares during the last quarter. Jane Street Group LLC bought a new position in First Trust Low Duration Opportunities ETF in the 4th quarter worth $33,401,000. Axxcess Wealth Management LLC lifted its position in First Trust Low Duration Opportunities ETF by 1,602.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after purchasing an additional 391,503 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after purchasing an additional 372,725 shares in the last quarter. Finally, Morgan Stanley grew its holdings in First Trust Low Duration Opportunities ETF by 2.5% during the fourth quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after purchasing an additional 338,741 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.49 on Friday. The business has a 50-day simple moving average of $49.61 and a two-hundred day simple moving average of $49.84. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend 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.