Mainsail Financial Group LLC Purchases 5,229 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Mainsail Financial Group LLC boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.6% during the first quarter, Holdings Channel.com reports. The fund owned 118,957 shares of the company’s stock after acquiring an additional 5,229 shares during the period. First Trust Low Duration Opportunities ETF accounts for 3.3% of Mainsail Financial Group LLC’s holdings, making the stock its 11th largest holding. Mainsail Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $5,848,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth $116,000. Kestra Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $127,000. Marshall Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $131,000. Tucker Asset Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 46.3% during the 4th quarter. Tucker Asset Management LLC now owns 2,792 shares of the company’s stock valued at $136,000 after purchasing an additional 884 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at about $183,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of LMBS opened at $48.92 on Wednesday. The firm’s 50-day moving average price is $48.87 and its 200-day moving average price is $48.85. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Wednesday, May 21st.

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.