Insight Inv LLC Grows Position in First Trust Low Duration Opportunities ETF $LMBS

Insight Inv LLC lifted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 33.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,770 shares of the company’s stock after buying an additional 6,400 shares during the quarter. Insight Inv LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Bellevue Asset Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.8% in the second quarter. Bellevue Asset Management LLC now owns 176,778 shares of the company’s stock worth $8,708,000 after buying an additional 3,131 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth $218,000. Country Club Bank lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 55.8% in the second quarter. Country Club Bank now owns 42,033 shares of the company’s stock worth $2,067,000 after buying an additional 15,050 shares in the last quarter. Heck Capital Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 4.0% in the second quarter. Heck Capital Advisors LLC now owns 453,087 shares of the company’s stock worth $22,319,000 after buying an additional 17,517 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 7.2% in the second quarter. Belpointe Asset Management LLC now owns 53,330 shares of the company’s stock worth $2,627,000 after buying an additional 3,580 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $49.88 on Thursday. First Trust Low Duration Opportunities ETF has a one year low of $48.32 and a one year high of $50.25. The company’s fifty day moving average price is $49.67 and its 200-day moving average price is $49.24.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.