Oppenheimer & Co. Inc. purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) in the third quarter, Holdings Channel.com reports. The fund purchased 104,575 shares of the company’s stock, valued at approximately $5,068,000.
Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth about $35,000. Coppell Advisory Solutions LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $49,000. NI Acquisitions Company LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $67,000. Finally, NBT Bank N.A. bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $69,000.
First Trust Low Duration Opportunities ETF Stock Up 0.2%
Shares of LMBS opened at $48.85 on Friday. First Trust Low Duration Opportunities ETF has a 1-year low of $47.60 and a 1-year high of $51.98. The firm’s 50-day moving average price is $48.99 and its 200-day moving average price is $49.68.
First Trust Low Duration Opportunities ETF Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 annualized dividend and a yield of 4.2%.
About First Trust Low Duration Opportunities ETF
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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Want to see what other hedge funds are holding LMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report).
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