Goldstone Financial Group LLC Purchases New Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Goldstone Financial Group LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,537 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 8.3% during the 4th quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock valued at $451,139,000 after acquiring an additional 708,645 shares in the last quarter. Wells Fargo & Company MN grew its stake in First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock worth $236,209,000 after buying an additional 132,154 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $149,264,000. Royal Bank of Canada grew its stake in First Trust Low Duration Opportunities ETF by 1.9% during the 4th quarter. Royal Bank of Canada now owns 2,738,978 shares of the company’s stock worth $133,306,000 after buying an additional 50,352 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in First Trust Low Duration Opportunities ETF by 75.1% during the 4th quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock worth $83,917,000 after buying an additional 739,519 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.06 on Friday. The stock has a fifty day moving average price of $48.88 and a 200 day moving average price of $48.86. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%.

First Trust Low Duration Opportunities ETF 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.