First Trust Low Duration Opportunities ETF $LMBS Shares Newly Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,836 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMBS. Royal Bank of Canada raised its holdings in 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 acquiring an additional 372,725 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Low Duration Opportunities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after acquiring an additional 171,648 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after acquiring an additional 212,258 shares during the last quarter. First Trust Advisors LP grew its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% during the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after buying an additional 199,426 shares during the last quarter. Finally, Berger Financial Group Inc increased its holdings in shares of First Trust Low Duration Opportunities ETF by 6.9% during the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after buying an additional 72,760 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $48.73 on Friday. The business’s 50-day moving average price is $49.15 and its 200-day moving average price is $49.57. First Trust Low Duration Opportunities ETF has a 12 month low of $47.60 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, September 24th.

First Trust Low Duration Opportunities ETF Company 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.