First Trust Low Duration Opportunities ETF $LMBS Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 403,638 shares of the company’s stock after acquiring an additional 13,875 shares during the quarter. NewEdge Advisors LLC owned approximately 0.31% of First Trust Low Duration Opportunities ETF worth $20,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Betterment LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 11.4% during the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after purchasing an additional 681 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $8,409,000. Raymond James Financial Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after buying an additional 185,249 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at $890,000. Finally, Bank of America Corp DE raised its stake in First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after buying an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.23 on Friday. The stock’s fifty day moving average is $49.58 and its two-hundred day moving average is $49.81. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 21st.

First Trust Low Duration Opportunities ETF Company 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.