Ascent Group LLC Takes Position in First Trust Low Duration Opportunities ETF $LMBS

Ascent Group LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the third quarter, Holdings Channel reports. The institutional investor bought 10,946 shares of the company’s stock, valued at approximately $545,000.

A number of other large investors have also recently bought and sold shares of LMBS. Creekmur Asset Management LLC grew its position in First Trust Low Duration Opportunities ETF by 497.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $31,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $46,000. Asset Dedication LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $67,000. Finally, Y.D. More Investments Ltd grew its holdings in shares of First Trust Low Duration Opportunities ETF by 133.7% during the second quarter. Y.D. More Investments Ltd now owns 1,596 shares of the company’s stock worth $78,000 after buying an additional 913 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

LMBS opened at $49.95 on Friday. First Trust Low Duration Opportunities ETF has a 52 week low of $48.32 and a 52 week high of $50.25. The business has a 50 day moving average price of $49.99 and a two-hundred day moving average price of $49.71.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, December 12th.

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.