Raymond James & Associates Boosts Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Raymond James & Associates raised its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 809,835 shares of the company’s stock after acquiring an additional 45,961 shares during the period. Raymond James & Associates’ holdings in First Trust Low Duration Opportunities ETF were worth $40,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LMBS. Farther Finance Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 691.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock worth $745,000 after purchasing an additional 13,569 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 3.5% during the second 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 during the period. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 265,375 shares of the company’s stock worth $12,804,000 after purchasing an additional 33,604 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $53,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock valued at $6,626,000 after buying an additional 11,362 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $48.83 on Wednesday. The company’s 50-day simple moving average is $49.22 and its two-hundred day simple moving average is $48.56. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.17 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.04 annualized dividend and a yield of 4.18%.

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.