First Trust Low Duration Opportunities ETF $LMBS is Berger Financial Group Inc’s 7th Largest Position

Berger Financial Group Inc boosted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,127,689 shares of the company’s stock after acquiring an additional 72,760 shares during the period. First Trust Low Duration Opportunities ETF comprises 3.1% of Berger Financial Group Inc’s investment portfolio, making the stock its 7th biggest holding. Berger Financial Group Inc’s holdings in First Trust Low Duration Opportunities ETF were worth $56,170,000 at the end of the most recent reporting period.

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

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.74 on Friday. The stock’s 50-day simple moving average is $49.82 and its 200-day simple moving average is $50.00. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, June 25th.

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.