Barrett & Company Inc. bought a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,452 shares of the company’s stock, valued at approximately $1,185,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Financial Enhancement Group LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $26,082,000. Royal Bank of Canada grew its position in shares of First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after acquiring an additional 372,725 shares in the last quarter. Commonwealth Financial Services LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 7,161.8% in the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock worth $14,646,000 after purchasing an additional 289,982 shares during the period. Searcy Financial Services Inc. ADV bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at $11,924,000. Finally, Bank of America Corp DE boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 11.9% in the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after buying an additional 212,258 shares during the period.
First Trust Low Duration Opportunities ETF Price Performance
Shares of NASDAQ LMBS opened at $48.76 on Friday. The stock’s 50 day simple moving average is $49.06 and its 200 day simple moving average is $49.53. First Trust Low Duration Opportunities ETF has a 12-month low of $47.60 and a 12-month high of $51.98.
First Trust Low Duration Opportunities ETF Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, October 21st.
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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