Royal Bank of Canada Buys 372,725 Shares of First Trust Low Duration Opportunities ETF $LMBS

Royal Bank of Canada grew its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,242,866 shares of the company’s stock after buying an additional 372,725 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Low Duration Opportunities ETF were worth $161,527,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LMBS. Palisade Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at about $35,000. Bank of Montreal Can lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after buying an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $56,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.53 on Friday. The business’s 50 day simple moving average is $49.72 and its 200 day simple moving average is $49.95. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 21st.

About First Trust Low Duration Opportunities ETF

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.