First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stock Holdings Increased by Braun Bostich & Associates Inc.

Braun Bostich & Associates Inc. raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 80,476 shares of the company’s stock after buying an additional 7,824 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 2.8% of Braun Bostich & Associates Inc.’s portfolio, making the stock its 9th biggest holding. Braun Bostich & Associates Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $3,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth approximately $25,000. Hershey Financial Advisers LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at $30,000. Hilltop National Bank purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $42,000. Chris Bulman Inc purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $43,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $44,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.11 on Wednesday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The company has a 50-day moving average of $49.21 and a two-hundred day moving average of $48.53.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

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.