Larson Financial Group LLC Has $120,000 Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Larson Financial Group LLC lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 48.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,491 shares of the company’s stock after selling 2,305 shares during the quarter. Larson Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $120,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LMBS. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 11.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock worth $100,808,000 after acquiring an additional 206,876 shares during the last quarter. Global Assets Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 4,688.2% during the 1st quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock worth $62,286,000 after acquiring an additional 1,263,932 shares during the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $60,773,000. Commonwealth Equity Services LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 11.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 624,438 shares of the company’s stock worth $30,129,000 after acquiring an additional 61,713 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 68.4% during the 4th quarter. Financial Enhancement Group LLC now owns 568,483 shares of the company’s stock worth $27,492,000 after acquiring an additional 230,895 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded up $0.06 during mid-day trading on Wednesday, reaching $48.41. 875,397 shares of the stock were exchanged, compared to its average volume of 461,078. First Trust Low Duration Opportunities ETF has a 1 year low of $46.58 and a 1 year high of $48.55. The company has a 50 day moving average price of $48.11 and a two-hundred day moving average price of $48.12.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Thursday, June 27th.

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.