Team Financial Group LLC Invests $209,000 in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

by · The Cerbat Gem

Team Financial Group LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,236 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 7.8% in the 2nd quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after acquiring an additional 550,017 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after acquiring an additional 10,854 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after acquiring an additional 15,450 shares in the last quarter. Cetera Investment Advisers grew its holdings in First Trust Low Duration Opportunities ETF by 17.5% in the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock worth $45,178,000 after purchasing an additional 140,132 shares during the period. Finally, Raymond James & Associates increased its stake in First Trust Low Duration Opportunities ETF by 6.0% in the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after purchasing an additional 45,961 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

LMBS stock opened at $48.76 on Friday. The stock’s 50 day simple moving average is $49.21 and its 200 day simple moving average is $48.56. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Tuesday, October 22nd.

About First Trust Low Duration Opportunities ETF

(Free Report)

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.

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