Mainsail Financial Group LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,475 shares of the company’s stock after buying an additional 19,473 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 3.6% of Mainsail Financial Group LLC’s portfolio, making the stock its 8th largest position. Mainsail Financial Group LLC owned approximately 0.16% of First Trust Low Duration Opportunities ETF worth $10,636,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Simplicity Wealth LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 77.4% during the third quarter. Simplicity Wealth LLC now owns 52,125 shares of the company’s stock valued at $2,526,000 after acquiring an additional 22,749 shares during the period. James J. Burns & Company LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 4.8% in the 3rd quarter. James J. Burns & Company LLC now owns 100,235 shares of the company’s stock valued at $4,857,000 after acquiring an additional 4,619 shares in the last quarter. Barrett & Company Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $1,185,000. Wedbush Securities Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $4,641,000. Finally, Brookstone Capital Management boosted its stake in First Trust Low Duration Opportunities ETF by 3.9% in the 3rd quarter. Brookstone Capital Management now owns 466,172 shares of the company’s stock worth $22,591,000 after purchasing an additional 17,343 shares during the period.
First Trust Low Duration Opportunities ETF Stock Performance
NASDAQ LMBS opened at $48.76 on Monday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.60 and a twelve month high of $51.98. The firm’s 50 day moving average price is $49.06 and its two-hundred day moving average price is $49.53.
First Trust Low Duration Opportunities ETF Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders 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 dividend on an annualized basis and a dividend 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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