Simplicity Wealth LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 77.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,125 shares of the company’s stock after purchasing an additional 22,749 shares during the quarter. Simplicity Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,526,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of LMBS. Root Financial Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the first quarter worth about $35,000. Coppell Advisory Solutions LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $49,000. NI Acquisitions Company LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth approximately $67,000. Finally, NBT Bank N.A. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $69,000.
First Trust Low Duration Opportunities ETF Stock Performance
LMBS stock opened at $48.76 on Monday. The company’s 50 day moving average price is $49.06 and its 200 day moving average price is $49.53. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.60 and a fifty-two week high of $51.98.
First Trust Low Duration Opportunities ETF Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 21st.
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.
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