First Trust Low Duration Opportunities ETF $LMBS Holdings Reduced by First International Bank & Trust

First International Bank & Trust lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,826 shares of the company’s stock after selling 12,459 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 3.6% of First International Bank & Trust’s investment portfolio, making the stock its 9th largest holding. First International Bank & Trust’s holdings in First Trust Low Duration Opportunities ETF were worth $10,385,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Raymond James Financial Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 11.2% in the 1st quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock valued at $167,648,000 after purchasing an additional 343,406 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust Low Duration Opportunities ETF by 1.9% in the 4th 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 during the period. Commonwealth Equity Services LLC increased its holdings in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 996,316 shares of the company’s stock worth $48,979,000 after acquiring an additional 173,388 shares in the last quarter. Berger Financial Group Inc raised its position in First Trust Low Duration Opportunities ETF by 10.1% during the first quarter. Berger Financial Group Inc now owns 970,373 shares of the company’s stock worth $47,704,000 after acquiring an additional 88,782 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust Low Duration Opportunities ETF by 13.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 796,139 shares of the company’s stock valued at $39,138,000 after purchasing an additional 93,675 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

Shares of NASDAQ LMBS opened at $49.91 on Monday. The company’s 50-day simple moving average is $49.43 and its 200-day simple moving average is $49.15. First Trust Low Duration Opportunities ETF has a 52-week low of $48.32 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, August 29th. Stockholders of record on Thursday, August 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.