Assetmark Inc. Has $32.74 Million Stake in First Trust Low Duration Opportunities ETF $LMBS

Assetmark Inc. raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 657,287 shares of the company’s stock after acquiring an additional 46,915 shares during the period. Assetmark Inc. owned about 0.53% of First Trust Low Duration Opportunities ETF worth $32,739,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LMBS. Betterment LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 11.4% during the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after purchasing an additional 681 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $8,409,000. Raymond James Financial Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares in the last quarter. Jane Street Group LLC bought a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $890,000. Finally, Bank of America Corp DE raised its position in First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.78 on Friday. The stock’s fifty day moving average is $49.77 and its 200-day moving average is $49.98. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.