53,103 Shares in First Trust Low Duration Opportunities ETF $LMBS Acquired by Stenger Family Office LLC

Stenger Family Office LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 53,103 shares of the company’s stock, valued at approximately $2,645,000.

A number of other hedge funds have also recently bought and sold shares of LMBS. Morgan Stanley boosted its stake in shares of First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after purchasing an additional 338,741 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust Low Duration Opportunities ETF by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after buying an additional 87,626 shares during the period. Raymond James Financial Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 6.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after buying an additional 256,318 shares during the period. Royal Bank of Canada boosted its stake in First Trust Low Duration Opportunities ETF by 7.5% in the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after acquiring an additional 199,486 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 15.1% in the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after acquiring an additional 246,797 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.60 on Thursday. The firm has a fifty day moving average of $49.80 and a two-hundred day moving average of $49.99. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.17 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) annualized dividend and a yield of 4.1%.

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.