CMC Financial Group Makes New Investment in First Trust Low Duration Opportunities ETF $LMBS

CMC Financial Group purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,706 shares of the company’s stock, valued at approximately $633,000. First Trust Low Duration Opportunities ETF accounts for 1.2% of CMC Financial Group’s portfolio, making the stock its 21st largest holding.

Other institutional investors also recently made changes to their positions in the company. Center For Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $1,555,000. Embree Financial Group acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $861,000. Secure Asset Management LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 4.9% during the 4th quarter. Secure Asset Management LLC now owns 252,620 shares of the company’s stock valued at $12,628,000 after purchasing an additional 11,896 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 30.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 458,338 shares of the company’s stock worth $22,912,000 after buying an additional 108,212 shares in the last quarter. Finally, Prism Advisors Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 10.4% in the 4th quarter. Prism Advisors Inc. now owns 305,394 shares of the company’s stock worth $15,267,000 after buying an additional 28,886 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.53 on Wednesday. The business has a fifty day simple moving average of $49.76 and a 200-day simple moving average of $49.97. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 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 of this dividend is Tuesday, July 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.