Citadel Advisors LLC Takes Position in First Trust Low Duration Opportunities ETF $LMBS

Citadel Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 137,190 shares of the company’s stock, valued at approximately $6,829,000. Citadel Advisors LLC owned 0.11% of First Trust Low Duration Opportunities ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley raised its stake 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 valued at $707,388,000 after acquiring an additional 338,741 shares in the last quarter. Wells Fargo & Company MN raised its stake 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 valued at $276,046,000 after purchasing an additional 87,626 shares in the last quarter. 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 worth $203,296,000 after purchasing an additional 256,318 shares during the period. Royal Bank of Canada grew its position in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after buying an additional 372,725 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in First Trust Low Duration Opportunities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after buying an additional 171,648 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.49 on Tuesday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The company has a 50 day moving average of $49.61 and a 200-day moving average of $49.83.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend 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.