Paladin Wealth LLC Buys New Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Posted by Andrew Walz on Oct 14th, 2024

Paladin Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,450 shares of the company’s stock, valued at approximately $763,000.

Several other large investors have also added to or reduced their stakes in LMBS. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth about $25,000. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth about $30,000. Hilltop National Bank bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $42,000. Chris Bulman Inc purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $43,000. Finally, Triad Wealth Partners LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $44,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.11 on Monday. The business has a 50 day moving average of $49.20 and a 200-day moving average of $48.52. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

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 issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust Low Duration Opportunities ETF

(Free Report)

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.