Fifth Third Bancorp Buys Shares of 196,111 First Trust Low Duration Opportunities ETF $LMBS

Fifth Third Bancorp acquired a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 196,111 shares of the company’s stock, valued at approximately $9,768,000. Fifth Third Bancorp owned 0.16% of First Trust Low Duration Opportunities ETF as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in LMBS. Palisade Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at $35,000. Bank of Montreal Can lifted its holdings in First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new position in First Trust Low Duration Opportunities ETF in the 4th quarter worth about $56,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2%

LMBS stock opened at $49.80 on Thursday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The stock has a 50-day simple moving average of $49.78 and a two-hundred day simple moving average of $49.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

First Trust Low Duration Opportunities ETF Company 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.