Independent Financial Group LLC Takes $2.40 Million Position in First Trust Low Duration Opportunities ETF $LMBS

Independent Financial Group LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,077 shares of the company’s stock, valued at approximately $2,395,000.

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

First Trust Low Duration Opportunities ETF Trading Down 0.0%

Shares of NASDAQ LMBS opened at $49.78 on Friday. The company has a 50-day moving average price of $49.77 and a 200-day moving average price of $49.98. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) annualized dividend and a yield of 4.1%.

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.