Divergent Planning LLC Buys Shares of 16,475 First Trust Low Duration Opportunities ETF $LMBS

Divergent Planning LLC purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,475 shares of the company’s stock, valued at approximately $812,000.

Other hedge funds also recently made changes to their positions in the company. SouthState Corp bought a new position in First Trust Low Duration Opportunities ETF in the first quarter valued at $82,000. Rossby Financial LCC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at about $87,000. Clarity Capital Partners LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at about $203,000. Rathbones Group PLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at about $209,000. Finally, Parallel Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 15.9% in the 2nd quarter. Parallel Advisors LLC now owns 4,323 shares of the company’s stock worth $213,000 after buying an additional 593 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of LMBS opened at $50.15 on Tuesday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.32 and a 1 year high of $50.25. The stock has a 50 day simple moving average of $49.78 and a two-hundred day simple moving average of $49.29.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 21st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.