NewEdge Advisors LLC Buys 77,107 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

NewEdge Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 46.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 244,360 shares of the company’s stock after purchasing an additional 77,107 shares during the quarter. NewEdge Advisors LLC owned 0.28% of First Trust Low Duration Opportunities ETF worth $11,741,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stephens Inc. AR grew its stake in First Trust Low Duration Opportunities ETF by 2.3% during the fourth quarter. Stephens Inc. AR now owns 411,375 shares of the company’s stock worth $19,878,000 after buying an additional 9,214 shares during the last quarter. Farther Finance Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 691.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock worth $745,000 after acquiring an additional 13,569 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 3.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock valued at $2,183,000 after purchasing an additional 1,524 shares in the last quarter. Janney Montgomery Scott LLC raised its position in First Trust Low Duration Opportunities ETF by 14.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 265,375 shares of the company’s stock valued at $12,804,000 after purchasing an additional 33,604 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $53,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.39 on Monday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The stock’s fifty day moving average is $49.09 and its 200-day moving average is $48.44.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be given a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.13%. The ex-dividend date is Thursday, September 26th.

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.