First Trust Low Duration Opportunities ETF $LMBS Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 389,763 shares of the company’s stock after buying an additional 68,753 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $19,414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raab & Moskowitz Asset Management LLC increased its holdings in First Trust Low Duration Opportunities ETF by 1.9% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 26,364 shares of the company’s stock valued at $1,313,000 after buying an additional 483 shares in the last quarter. Western Wealth Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 612.5% during the 1st quarter. Western Wealth Management LLC now owns 72,629 shares of the company’s stock worth $3,618,000 after acquiring an additional 62,436 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Low Duration Opportunities ETF by 11.9% during the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after acquiring an additional 212,258 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 211.5% during the 1st quarter. Centaurus Financial Inc. now owns 20,581 shares of the company’s stock valued at $1,025,000 after acquiring an additional 13,973 shares during the period. Finally, Arkadios Wealth Advisors grew its position in shares of First Trust Low Duration Opportunities ETF by 19.8% during the 1st quarter. Arkadios Wealth Advisors now owns 19,370 shares of the company’s stock valued at $965,000 after acquiring an additional 3,204 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.66 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The business has a 50-day moving average price of $49.70 and a 200 day moving average price of $49.92.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.17 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 21st.

First Trust Low Duration Opportunities ETF 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.