First Trust Low Duration Opportunities ETF $LMBS Shares Newly Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, HoldingsChannel reports. The firm purchased 95,777 shares of the company’s stock, valued at approximately $4,641,000.

A number of other hedge funds have also modified their holdings of LMBS. Financial Enhancement Group LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth about $26,082,000. Royal Bank of Canada lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 shares during the period. Commonwealth Financial Services LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 7,161.8% during the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock worth $14,646,000 after purchasing an additional 289,982 shares during the period. Searcy Financial Services Inc. ADV purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $11,924,000. Finally, Bank of America Corp DE boosted its position in First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after buying an additional 212,258 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS traded up $0.03 during trading hours on Friday, reaching $48.76. The stock had a trading volume of 514,626 shares, compared to its average volume of 576,597. First Trust Low Duration Opportunities ETF has a 52-week low of $47.60 and a 52-week high of $51.98. The stock has a fifty day moving average of $49.06 and a 200 day moving average of $49.53.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 21st.

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.