Commonwealth Financial Services LLC Has $14.65 Million Position in First Trust Low Duration Opportunities ETF $LMBS

Commonwealth Financial Services LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7,161.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 294,031 shares of the company’s stock after purchasing an additional 289,982 shares during the period. First Trust Low Duration Opportunities ETF makes up about 2.3% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 10th biggest position. Commonwealth Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $14,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Center For Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $1,555,000. Embree Financial Group acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at $861,000. Secure Asset Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 4.9% in the 4th quarter. Secure Asset Management LLC now owns 252,620 shares of the company’s stock valued at $12,628,000 after buying an additional 11,896 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 30.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 458,338 shares of the company’s stock worth $22,912,000 after acquiring an additional 108,212 shares during the last quarter. Finally, Prism Advisors Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 10.4% during the fourth quarter. Prism Advisors Inc. now owns 305,394 shares of the company’s stock worth $15,267,000 after acquiring an additional 28,886 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $49.78 on Monday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The stock’s fifty day simple moving average is $49.77 and its 200-day simple moving average is $49.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th 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 Thursday, June 25th.

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.