Stephens Inc. AR Increases Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Stephens Inc. AR raised its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 440,417 shares of the company’s stock after buying an additional 45,626 shares during the quarter. Stephens Inc. AR owned about 0.47% of First Trust Low Duration Opportunities ETF worth $21,761,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LMBS. LPL Financial LLC raised its stake in First Trust Low Duration Opportunities ETF by 7.8% during the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after buying an additional 550,017 shares during the last quarter. Brookstone Capital Management raised its stake in First Trust Low Duration Opportunities ETF by 2,052.6% during the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after buying an additional 449,249 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Low Duration Opportunities ETF by 114.6% during the first quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after buying an additional 427,232 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 449.3% during the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after buying an additional 199,575 shares during the last quarter. Finally, First International Bank & Trust bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $9,657,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of NASDAQ:LMBS opened at $48.63 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock’s fifty day moving average price is $49.18 and its 200-day moving average price is $48.59.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date is Tuesday, October 22nd.

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.