Pinnacle Bancorp Inc. Acquires 611 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Pinnacle Bancorp Inc. raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 23.4% in the third quarter, Holdings Channel reports. The firm owned 3,226 shares of the company’s stock after purchasing an additional 611 shares during the period. Pinnacle Bancorp Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of LMBS. Farther Finance Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 691.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock worth $745,000 after purchasing an additional 13,569 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in First Trust Low Duration Opportunities ETF by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock worth $2,183,000 after buying an additional 1,524 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 265,375 shares of the company’s stock valued at $12,804,000 after buying an additional 33,604 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $53,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after acquiring an additional 11,362 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $49.11 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The business has a 50-day moving average of $49.20 and a 200 day moving average of $48.51.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

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.