Beacon Financial Advisory LLC Increases Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Beacon Financial Advisory LLC raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,942 shares of the company’s stock after purchasing an additional 754 shares during the quarter. Beacon Financial Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LMBS. LPL Financial LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 7.8% during the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after purchasing an additional 550,017 shares in the last quarter. Brookstone Capital Management lifted its holdings in First Trust Low Duration Opportunities ETF by 2,052.6% in the 2nd quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after buying an additional 449,249 shares in the last quarter. Cetera Investment Advisers boosted its position in First Trust Low Duration Opportunities ETF by 114.6% in the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after buying an additional 427,232 shares during the last quarter. Long Run Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at about $10,901,000. Finally, Foundations Investment Advisors LLC increased its position in shares of 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 last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.56 on Thursday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The stock has a 50-day moving average price of $49.14 and a 200 day moving average price of $48.62.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, October 22nd.

First Trust Low Duration Opportunities ETF 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.