1,625,681 Shares in First Trust Low Duration Opportunities ETF $LMBS Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,625,681 shares of the company’s stock, valued at approximately $78,781,000. Commonwealth Equity Services LLC owned about 1.22% of First Trust Low Duration Opportunities ETF at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of First Trust Low Duration Opportunities ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Low Duration Opportunities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after purchasing an additional 171,648 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Low Duration Opportunities ETF by 11.9% during the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after purchasing an additional 212,258 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% during the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after buying an additional 199,426 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 15.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,019,474 shares of the company’s stock worth $50,749,000 after buying an additional 137,128 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded up $0.04 during trading hours on Friday, hitting $49.14. 654,381 shares of the company’s stock were exchanged, compared to its average volume of 576,726. The business’s 50 day moving average is $48.93 and its 200-day moving average is $49.65. First Trust Low Duration Opportunities ETF has a 12-month low of $47.60 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Wednesday, October 21st were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, October 21st.

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.