D.A. Davidson & CO. Buys 39,619 Shares of First Trust Low Duration Opportunities ETF $LMBS

D.A. Davidson & CO. raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,725 shares of the company’s stock after purchasing an additional 39,619 shares during the period. D.A. Davidson & CO. owned 0.14% of First Trust Low Duration Opportunities ETF worth $8,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in First Trust Low Duration Opportunities ETF by 27.7% in the first quarter. Bank of New York Mellon Corp now owns 22,206 shares of the company’s stock valued at $1,106,000 after acquiring an additional 4,810 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 18.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 234,206 shares of the company’s stock worth $11,666,000 after buying an additional 36,106 shares during the period. Sanctuary Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 0.7% during the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock valued at $2,375,000 after buying an additional 318 shares during the period. Sigma Planning Corp lifted its holdings in First Trust Low Duration Opportunities ETF by 5.0% in the 1st quarter. Sigma Planning Corp now owns 71,458 shares of the company’s stock worth $3,559,000 after buying an additional 3,414 shares during the period. Finally, Milestones Private Investment Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 9.4% during the 1st quarter. Milestones Private Investment Advisors LLC now owns 7,068 shares of the company’s stock valued at $352,000 after purchasing an additional 607 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

LMBS opened at $49.78 on Friday. The stock’s 50 day moving average price is $49.77 and its 200-day moving average price is $49.98. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.17 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a 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.