Park Avenue Securities LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 66,056 shares of the company’s stock, valued at approximately $3,201,000.
A number of other institutional investors have also recently added to or reduced their stakes in LMBS. Royal Bank of Canada increased its stake in First Trust Low Duration Opportunities ETF by 13.0% during the first 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 during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust Low Duration Opportunities ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after purchasing an additional 171,648 shares in the last quarter. Bank of America Corp DE lifted its stake 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 purchasing an additional 212,258 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% in the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock valued at $75,755,000 after purchasing an additional 199,426 shares in the last quarter. Finally, Berger Financial Group Inc grew its holdings in shares of First Trust Low Duration Opportunities ETF by 6.9% during the 1st quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after purchasing an additional 72,760 shares during the period.
First Trust Low Duration Opportunities ETF Trading Up 0.3%
Shares of NASDAQ:LMBS opened at $48.99 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 stock has a 50-day simple moving average of $48.98 and a 200-day simple moving average of $49.68.
First Trust Low Duration Opportunities ETF Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors 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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