Fifth Third Bancorp Purchases Shares of 196,111 First Trust Low Duration Opportunities ETF $LMBS

Fifth Third Bancorp purchased a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 196,111 shares of the company’s stock, valued at approximately $9,768,000.

Other institutional investors have also recently made changes to their positions in the company. Betterment LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 11.4% in the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after buying an additional 681 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at $8,409,000. Raymond James Financial Inc. grew its position in First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after buying an additional 185,249 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust Low Duration Opportunities ETF during the second quarter worth about $890,000. Finally, Bank of America Corp DE increased its stake in First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after acquiring an additional 248,784 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2%

NASDAQ:LMBS opened at $49.80 on Thursday. The business’s 50-day moving average price is $49.78 and its two-hundred day moving average price is $49.98. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

First Trust Low Duration Opportunities ETF Company 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.