First Trust Low Duration Opportunities ETF $LMBS Stock Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4,412.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company’s stock after buying an additional 586,702 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $29,076,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth about $10,064,000. Insight Inv LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 4.1% during the third quarter. Insight Inv LLC now owns 65,489 shares of the company’s stock worth $3,174,000 after purchasing an additional 2,589 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $5,068,000. Park Avenue Securities LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $3,201,000. Finally, Leo Wealth LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $381,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.99 on Friday. The firm has a 50 day simple moving average of $48.98 and a 200 day simple moving average of $49.68. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.60 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.04 annualized dividend and a yield of 4.2%.

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.