First Trust Low Duration Opportunities ETF $LMBS Shares Acquired by Sovran Advisors LLC

Sovran Advisors LLC lifted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 498.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,212 shares of the company’s stock after purchasing an additional 34,325 shares during the period. Sovran Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FSB Premier Wealth Management Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 3.0% in the third quarter. FSB Premier Wealth Management Inc. now owns 68,647 shares of the company’s stock worth $3,418,000 after acquiring an additional 1,986 shares during the last quarter. Winebrenner Capital Management LLC raised its stake in First Trust Low Duration Opportunities ETF by 4.6% in the third quarter. Winebrenner Capital Management LLC now owns 8,673 shares of the company’s stock valued at $432,000 after buying an additional 384 shares in the last quarter. Acorn Wealth Advisors LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 94.7% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 17,628 shares of the company’s stock worth $878,000 after buying an additional 8,576 shares during the last quarter. Elevation Capital Advisory LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 1.5% during the 3rd quarter. Elevation Capital Advisory LLC now owns 33,364 shares of the company’s stock worth $1,661,000 after buying an additional 495 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 0.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 80,963 shares of the company’s stock valued at $4,019,000 after acquiring an additional 431 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $50.09 on Tuesday. The stock’s 50-day simple moving average is $50.04 and its 200-day simple moving average is $49.82. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend 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.