Concourse Financial Group Securities Inc. Has $1.61 Million Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Concourse Financial Group Securities Inc. reduced its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,054 shares of the company’s stock after selling 1,915 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,610,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% during the 4th quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock worth $451,139,000 after buying an additional 708,645 shares in the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Low Duration Opportunities ETF by 2.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock worth $236,209,000 after acquiring an additional 132,154 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth $149,264,000. Commonwealth Equity Services LLC increased its stake in First Trust Low Duration Opportunities ETF by 31.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 822,928 shares of the company’s stock valued at $40,052,000 after purchasing an additional 194,923 shares in the last quarter. Finally, Clearwater Capital Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 10.5% during the fourth quarter. Clearwater Capital Advisors LLC now owns 723,979 shares of the company’s stock valued at $35,236,000 after purchasing an additional 68,712 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.93 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The company’s 50-day moving average is $48.99 and its 200-day moving average is $48.85.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, March 27th.

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.