Independent Financial Group LLC Invests $2.40 Million in First Trust Low Duration Opportunities ETF $LMBS

Independent Financial Group LLC acquired a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 48,077 shares of the company’s stock, valued at approximately $2,395,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Center For Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $1,555,000. Embree Financial Group acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $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 acquiring an additional 11,896 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 30.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 458,338 shares of the company’s stock valued at $22,912,000 after acquiring an additional 108,212 shares in the last quarter. Finally, Prism Advisors Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 10.4% during the 4th quarter. Prism Advisors Inc. now owns 305,394 shares of the company’s stock valued at $15,267,000 after acquiring an additional 28,886 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.78 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The company’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 business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Low Duration Opportunities ETF 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.