Friedenthal Financial Has $7.58 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Friedenthal Financial lifted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 168.4% in the first quarter, Holdings Channel.com reports. The fund owned 154,097 shares of the company’s stock after purchasing an additional 96,682 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 4.5% of Friedenthal Financial’s portfolio, making the stock its 2nd largest holding. Friedenthal Financial’s holdings in First Trust Low Duration Opportunities ETF were worth $7,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% during the fourth quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock valued at $451,139,000 after acquiring an additional 708,645 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust Low Duration Opportunities ETF by 2.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock valued at $236,209,000 after acquiring an additional 132,154 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $149,264,000. Royal Bank of Canada raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1.9% during the fourth quarter. Royal Bank of Canada now owns 2,738,978 shares of the company’s stock valued at $133,306,000 after acquiring an additional 50,352 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Low Duration Opportunities ETF by 75.1% during the fourth quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock valued at $83,917,000 after acquiring an additional 739,519 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.12 on Thursday. The business has a 50 day moving average of $48.90 and a 200 day moving average of $48.86. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a $0.17 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.