Rubicon Advisors GP Makes New $715,000 Investment in First Trust Low Duration Opportunities ETF $LMBS

Rubicon Advisors GP bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,294 shares of the company’s stock, valued at approximately $715,000. First Trust Low Duration Opportunities ETF makes up 0.7% of Rubicon Advisors GP’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley raised its holdings in shares of First Trust Low Duration Opportunities ETF by 2.5% during the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after acquiring an additional 338,741 shares during the period. Wells Fargo & Company MN grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after purchasing an additional 87,626 shares during the period. Raymond James Financial Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 6.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after purchasing an additional 256,318 shares during the period. Royal Bank of Canada increased its position in First Trust Low Duration Opportunities ETF by 7.5% during the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock worth $143,479,000 after purchasing an additional 199,486 shares during the last quarter. Finally, Bank of America Corp DE increased its position in First Trust Low Duration Opportunities ETF by 15.1% during the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after purchasing an additional 246,797 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.85 on Friday. The firm’s 50-day moving average is $49.87 and its two-hundred day moving average is $50.01. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.