76,355 Shares in First Trust Low Duration Opportunities ETF $LMBS Bought by Cornerstone Financial Management LLC

Cornerstone Financial Management LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 76,355 shares of the company’s stock, valued at approximately $3,817,000. First Trust Low Duration Opportunities ETF comprises 3.6% of Cornerstone Financial Management LLC’s portfolio, making the stock its 7th largest position. Cornerstone Financial Management LLC owned about 0.07% of First Trust Low Duration Opportunities ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LMBS. Arax Advisory Partners acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $3,381,000. Arete Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $204,000. CreativeOne Wealth LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 9.2% in the fourth quarter. CreativeOne Wealth LLC now owns 19,299 shares of the company’s stock worth $965,000 after acquiring an additional 1,619 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 10.0% in the fourth quarter. Kestra Advisory Services LLC now owns 271,343 shares of the company’s stock worth $13,564,000 after acquiring an additional 24,777 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of First Trust Low Duration Opportunities ETF by 3.5% in the fourth quarter. Stifel Financial Corp now owns 734,499 shares of the company’s stock worth $36,719,000 after acquiring an additional 24,572 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

Shares of LMBS stock opened at $49.84 on Friday. The stock has a 50 day simple moving average of $49.88 and a two-hundred day simple moving average of $50.02. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was 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.