Thrivent Financial for Lutherans Grows Position in First Trust Low Duration Opportunities ETF $LMBS

Thrivent Financial for Lutherans boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 145.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 102,307 shares of the company’s stock after acquiring an additional 60,559 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Trust Low Duration Opportunities ETF were worth $5,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LMBS. Elevation Point Wealth Partners LLC acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $22,376,000. Concurrent Investment Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 46.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock valued at $60,379,000 after buying an additional 382,941 shares in the last quarter. Assetmark Inc. lifted its position in First Trust Low Duration Opportunities ETF by 105.2% during the fourth quarter. Assetmark Inc. now owns 610,372 shares of the company’s stock valued at $30,512,000 after buying an additional 312,850 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after buying an additional 248,784 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in First Trust Low Duration Opportunities ETF by 66.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock valued at $30,141,000 after buying an additional 242,154 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.2%

Shares of LMBS stock opened at $49.62 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The firm’s 50 day moving average price is $49.93 and its two-hundred day moving average price is $50.04.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given 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 of this dividend is Thursday, May 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.