Sigma Planning Corp Acquires New Position in First Trust Low Duration Opportunities ETF $LMBS

Sigma Planning Corp purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,991 shares of the company’s stock, valued at approximately $1,649,000.

Several other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust Low Duration Opportunities ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after purchasing an additional 171,648 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Low Duration Opportunities ETF by 11.9% in the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after purchasing an additional 212,258 shares during the period. First Trust Advisors LP boosted its position in shares of First Trust Low Duration Opportunities ETF by 15.1% in the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock valued at $75,755,000 after purchasing an additional 199,426 shares during the period. Finally, Berger Financial Group Inc boosted its position in shares of First Trust Low Duration Opportunities ETF by 6.9% in the 1st quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock valued at $56,170,000 after purchasing an additional 72,760 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.77 on Thursday. The business’s 50-day moving average price is $49.01 and its 200 day moving average price is $49.69. First Trust Low Duration Opportunities ETF has a 1-year low of $47.60 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, October 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.