RFG Advisory LLC Boosts Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

RFG Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,646 shares of the company’s stock after acquiring an additional 19,409 shares during the period. RFG Advisory LLC owned approximately 0.11% of First Trust Low Duration Opportunities ETF worth $6,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley increased its holdings in First Trust Low Duration Opportunities ETF by 2.5% during the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after purchasing an additional 338,741 shares during the period. Wells Fargo & Company MN grew its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after buying an additional 87,626 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 6.7% during the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after buying an additional 256,318 shares in the last quarter. Royal Bank of Canada increased its stake in shares of 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 buying an additional 372,725 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Low Duration Opportunities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after buying an additional 171,648 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of NASDAQ:LMBS opened at $49.48 on Wednesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The firm’s 50 day moving average price is $49.60 and its 200 day moving average price is $49.82.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend 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.