Thrivent Financial for Lutherans Raises Stake in First Trust Low Duration Opportunities ETF $LMBS

Thrivent Financial for Lutherans lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 145.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,307 shares of the company’s stock after buying an additional 60,559 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of First Trust Low Duration Opportunities ETF worth $5,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMBS. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $69,000. Pinnacle Bancorp Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock valued at $187,000 after purchasing an additional 450 shares during the period. Finally, Lion Street Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 5.7% in the third quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock valued at $222,000 after purchasing an additional 236 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.62 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98. The firm has a 50 day moving average price of $49.93 and a 200 day moving average price of $50.04.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, May 21st.

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.