Oppenheimer & Co. Inc. acquired a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 104,575 shares of the company’s stock, valued at approximately $5,068,000. Oppenheimer & Co. Inc. owned about 0.08% of First Trust Low Duration Opportunities ETF as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the first quarter worth $35,000. Coppell Advisory Solutions LLC bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth $49,000. NI Acquisitions Company LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at about $67,000. Finally, NBT Bank N.A. purchased a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at about $69,000.
First Trust Low Duration Opportunities ETF Stock Up 0.2%
Shares of NASDAQ:LMBS opened at $48.85 on Friday. The stock’s 50-day moving average price is $48.99 and its 200-day moving average price is $49.68. 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 Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, October 21st will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 annualized dividend and a yield of 4.2%.
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.
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