RFG Advisory LLC Purchases 19,943 Shares of First Trust Low Duration Opportunities ETF $LMBS

RFG Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 64.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,845 shares of the company’s stock after acquiring an additional 19,943 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Betterment LLC raised its stake in First Trust Low Duration Opportunities ETF by 11.4% during the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after buying an additional 681 shares during the period. Darwin Wealth Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $8,409,000. Raymond James Financial Inc. raised its stake in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after buying an additional 185,249 shares during the period. Jane Street Group LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $890,000. Finally, Bank of America Corp DE increased its stake in First Trust Low Duration Opportunities ETF by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.97 on Friday. The firm has a fifty day simple moving average of $50.02 and a two-hundred day simple moving average of $50.06. First Trust Low Duration Opportunities ETF has a 12 month low of $48.47 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, April 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.