Carter Financial LLC Invests $10.39 Million in First Trust Low Duration Opportunities ETF $LMBS

Carter Financial LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 207,798 shares of the company’s stock, valued at approximately $10,388,000. First Trust Low Duration Opportunities ETF comprises about 9.2% of Carter Financial LLC’s portfolio, making the stock its 5th largest position.

Several other hedge funds have also recently modified their holdings of LMBS. Morgan Stanley raised its position in shares of First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after purchasing an additional 338,741 shares during the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Low Duration Opportunities ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after purchasing an additional 87,626 shares in the last quarter. Raymond James Financial Inc. grew its position in First Trust Low Duration Opportunities ETF by 6.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after purchasing an additional 256,318 shares during the last quarter. Royal Bank of Canada grew its position in First Trust Low Duration Opportunities ETF by 7.5% during the 4th quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock worth $143,479,000 after purchasing an additional 199,486 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in First Trust Low Duration Opportunities ETF by 15.1% during the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after purchasing an additional 246,797 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.85 on Friday. The company has a fifty day simple moving average of $49.87 and a two-hundred day simple moving average of $50.01. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.