International Assets Investment Management LLC Buys 586,702 Shares of First Trust Low Duration Opportunities ETF $LMBS

International Assets Investment Management LLC raised its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4,412.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 600,000 shares of the company’s stock after acquiring an additional 586,702 shares during the quarter. International Assets Investment Management LLC owned approximately 0.45% of First Trust Low Duration Opportunities ETF worth $29,076,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMBS. Financial Enhancement Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $26,082,000. Royal Bank of Canada lifted its holdings in First Trust Low Duration Opportunities ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after purchasing an additional 372,725 shares during the last quarter. Commonwealth Financial Services LLC boosted its position in First Trust Low Duration Opportunities ETF by 7,161.8% in the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock valued at $14,646,000 after buying an additional 289,982 shares in the last quarter. Searcy Financial Services Inc. ADV acquired a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $11,924,000. Finally, Bank of America Corp DE boosted its position in First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after buying an additional 212,258 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.3%

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.99 on Friday. The firm’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $49.68. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders 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 of this dividend is Wednesday, October 21st.

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.