Pinnacle Bancorp Inc. Has $130,000 Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 46.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,685 shares of the company’s stock after buying an additional 856 shares during the period. Pinnacle Bancorp Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $130,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter valued at $64,000. Harbor Investment Advisory LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 26.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock valued at $104,000 after purchasing an additional 445 shares in the last quarter. Benjamin Edwards Inc. increased its stake in First Trust Low Duration Opportunities ETF by 1,405.7% in the 4th quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock valued at $180,000 after buying an additional 3,472 shares during the period. Finally, CWM LLC lifted its position in First Trust Low Duration Opportunities ETF by 17.1% in the 4th quarter. CWM LLC now owns 4,658 shares of the company’s stock worth $225,000 after buying an additional 679 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of NASDAQ:LMBS traded down $0.03 during trading on Friday, reaching $48.05. 458,563 shares of the company traded hands, compared to its average volume of 451,438. First Trust Low Duration Opportunities ETF has a 1-year low of $46.58 and a 1-year high of $48.55. The firm has a fifty day simple moving average of $48.04 and a 200 day simple moving average of $48.12.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%.

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.