First Trust Low Duration Opportunities ETF $LMBS Stock Position Lifted by Grove Bank & Trust

Grove Bank & Trust raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBSFree Report) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 219,414 shares of the company’s stock after buying an additional 10,977 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for about 1.1% of Grove Bank & Trust’s holdings, making the stock its 23rd biggest position. Grove Bank & Trust owned approximately 0.17% of First Trust Low Duration Opportunities ETF worth $10,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMBS. Palisade Asset Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter worth $35,000. Bank of Montreal Can boosted its position in First Trust Low Duration Opportunities ETF by 169.0% during the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing an additional 250 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $56,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of LMBS stock opened at $49.58 on Wednesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The stock’s 50-day moving average is $49.71 and its two-hundred day moving average is $49.93.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

First Trust Low Duration Opportunities ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

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