First Trust Low Duration Opportunities ETF $LMBS Stake Lifted by Friedenthal Financial

Friedenthal Financial grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 118.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,186 shares of the company’s stock after buying an additional 89,706 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for 4.2% of Friedenthal Financial’s holdings, making the stock its 2nd largest holding. Friedenthal Financial owned about 0.14% of First Trust Low Duration Opportunities ETF worth $8,258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Betterment LLC lifted its stake in First Trust Low Duration Opportunities ETF by 11.4% in the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after acquiring an additional 681 shares during the period. Darwin Wealth Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $8,409,000. Raymond James Financial Inc. increased its position in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares during the period. Jane Street Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $890,000. Finally, Bank of America Corp DE raised its holdings in shares of First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.2%

NASDAQ LMBS opened at $50.18 on Friday. The firm’s 50 day moving average price is $50.11 and its 200-day moving average price is $50.06. First Trust Low Duration Opportunities ETF has a 52-week low of $48.45 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.