KMG Fiduciary Partners LLC Purchases 9,314 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Posted by Dante Gardener on Oct 19th, 2024

KMG Fiduciary Partners LLC lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 28.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,692 shares of the company’s stock after purchasing an additional 9,314 shares during the period. KMG Fiduciary Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,060,000 at the end of the most recent quarter.

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

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $49.16 on Friday. The company’s 50-day moving average is $49.22 and its 200-day moving average is $48.54. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders 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 yield of 4.15%.

About First Trust Low Duration Opportunities ETF

(Free Report)

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.