First Trust Low Duration Opportunities ETF $LMBS Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 775,525 shares of the company’s stock after buying an additional 33,469 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 0.7% of Concurrent Investment Advisors LLC’s portfolio, making the stock its 22nd largest position. Concurrent Investment Advisors LLC owned about 0.74% of First Trust Low Duration Opportunities ETF worth $38,202,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Goldstone Financial Group LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 1st quarter valued at approximately $272,000. Wealth Enhancement Advisory Services LLC grew its stake in First Trust Low Duration Opportunities ETF by 25.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,074 shares of the company’s stock valued at $1,872,000 after purchasing an additional 7,700 shares in the last quarter. Southland Equity Partners LLC grew its stake in First Trust Low Duration Opportunities ETF by 54.4% during the 1st quarter. Southland Equity Partners LLC now owns 10,583 shares of the company’s stock valued at $520,000 after purchasing an additional 3,730 shares in the last quarter. Avaii Wealth Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 6.8% during the 1st quarter. Avaii Wealth Management LLC now owns 12,155 shares of the company’s stock valued at $598,000 after purchasing an additional 776 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in First Trust Low Duration Opportunities ETF by 14.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 9,933 shares of the company’s stock valued at $488,000 after purchasing an additional 1,282 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $49.97 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.32 and a fifty-two week high of $50.25. The business has a 50 day moving average price of $49.70 and a two-hundred day moving average price of $49.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, September 25th.

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.