Financial Advocates Investment Management Raises Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Financial Advocates Investment Management raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 56.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,047 shares of the company’s stock after buying an additional 39,595 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Low Duration Opportunities ETF were worth $5,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of LMBS. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 7.8% in the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after purchasing an additional 550,017 shares during the period. Brookstone Capital Management increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2,052.6% in the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after purchasing an additional 449,249 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust Low Duration Opportunities ETF by 114.6% in the first quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after purchasing an additional 427,232 shares during the period. Foundations Investment Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 449.3% during the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock worth $12,056,000 after acquiring an additional 199,575 shares during the period. Finally, First International Bank & Trust acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter worth $9,657,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of LMBS stock opened at $48.66 on Thursday. The business’s fifty day moving average price is $49.18 and its 200 day moving average price is $48.59. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, October 22nd.

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.