NewEdge Advisors LLC Raises Stake in First Trust Low Duration Opportunities ETF $LMBS

NewEdge Advisors LLC increased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 389,763 shares of the company’s stock after buying an additional 68,753 shares during the quarter. NewEdge Advisors LLC owned about 0.32% of First Trust Low Duration Opportunities ETF worth $19,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Betterment LLC increased its stake 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 acquiring an additional 681 shares during the period. Darwin Wealth Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the second quarter valued at $8,409,000. Raymond James Financial Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares during the last quarter. Jane Street Group LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at $890,000. Finally, Bank of America Corp DE grew its position in First Trust Low Duration Opportunities ETF by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after purchasing an additional 248,784 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

NASDAQ LMBS opened at $49.66 on Friday. The stock has a 50-day simple moving average of $49.70 and a two-hundred day simple moving average of $49.92. 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 business also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 21st.

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.