NewEdge Advisors LLC Raises Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

NewEdge Advisors LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 403,638 shares of the company’s stock after acquiring an additional 13,875 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $20,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Betterment LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 11.4% during the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after acquiring an additional 681 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $8,409,000. Raymond James Financial Inc. raised its position in First Trust Low Duration Opportunities ETF by 5.4% in the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth $890,000. Finally, Bank of America Corp DE boosted 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 worth $80,319,000 after purchasing an additional 248,784 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.23 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 company’s fifty day moving average is $49.58 and its two-hundred day moving average is $49.81.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend 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.