Ifrah Financial Services Inc. Has $1.87 Million Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Ifrah Financial Services Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 37,967 shares of the company’s stock after purchasing an additional 1,492 shares during the quarter. Ifrah Financial Services Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its stake in First Trust Low Duration Opportunities ETF by 66.9% in the 4th quarter. US Bancorp DE now owns 6,177 shares of the company’s stock valued at $301,000 after buying an additional 2,476 shares during the last quarter. Jones Financial Companies Lllp grew its stake in First Trust Low Duration Opportunities ETF by 804.8% in the 4th quarter. Jones Financial Companies Lllp now owns 27,506 shares of the company’s stock valued at $1,339,000 after buying an additional 24,466 shares during the last quarter. Assetmark Inc. grew its stake in First Trust Low Duration Opportunities ETF by 5.8% in the 4th quarter. Assetmark Inc. now owns 200,187 shares of the company’s stock valued at $9,743,000 after buying an additional 10,998 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $149,264,000. Finally, Independent Advisor Alliance grew its stake in First Trust Low Duration Opportunities ETF by 150.8% in the 4th quarter. Independent Advisor Alliance now owns 365,461 shares of the company’s stock valued at $17,787,000 after buying an additional 219,767 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

Shares of LMBS opened at $49.20 on Friday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The firm’s 50-day simple moving average is $49.00 and its 200 day simple moving average is $48.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%.

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.