Wedbush Securities Inc. Makes New Investment in First Trust Low Duration Opportunities ETF $LMBS

Wedbush Securities Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 95,777 shares of the company’s stock, valued at approximately $4,641,000. Wedbush Securities Inc. owned about 0.07% of First Trust Low Duration Opportunities ETF at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Helium Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 1.0% in the first quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock valued at $1,039,000 after buying an additional 210 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 0.7% during the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock worth $2,375,000 after acquiring an additional 318 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 9.3% during the first quarter. Pinnacle Bancorp Inc. now owns 4,100 shares of the company’s stock worth $204,000 after acquiring an additional 350 shares during the last quarter. True Blue Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 1.2% during the first quarter. True Blue Financial LLC now owns 30,141 shares of the company’s stock valued at $1,501,000 after acquiring an additional 357 shares in the last quarter. Finally, Argent Advisors Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2.6% during the first quarter. Argent Advisors Inc. now owns 14,918 shares of the company’s stock valued at $743,000 after acquiring an additional 373 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock traded up $0.03 during midday trading on Friday, hitting $48.76. The company had a trading volume of 514,626 shares, compared to its average volume of 576,597. The company has a fifty day simple moving average of $49.06 and a 200 day simple moving average of $49.53. First Trust Low Duration Opportunities ETF has a 12-month low of $47.60 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%.

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.