Friedenthal Financial Has $7.58 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Friedenthal Financial increased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 168.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,097 shares of the company’s stock after buying an additional 96,682 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for 4.5% of Friedenthal Financial’s portfolio, making the stock its 2nd largest position. Friedenthal Financial owned about 0.15% of First Trust Low Duration Opportunities ETF worth $7,575,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its position in First Trust Low Duration Opportunities ETF by 8.3% in the fourth quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock valued at $451,139,000 after purchasing an additional 708,645 shares during the last quarter. Wells Fargo & Company MN lifted its position in First Trust Low Duration Opportunities ETF by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock valued at $236,209,000 after purchasing an additional 132,154 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $149,264,000. Royal Bank of Canada lifted its position in First Trust Low Duration Opportunities ETF by 1.9% in the fourth quarter. Royal Bank of Canada now owns 2,738,978 shares of the company’s stock valued at $133,306,000 after purchasing an additional 50,352 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in First Trust Low Duration Opportunities ETF by 75.1% in the fourth quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock valued at $83,917,000 after purchasing an additional 739,519 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

Shares of LMBS stock opened at $49.12 on Thursday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The stock has a 50 day moving average price of $48.90 and a two-hundred day moving average price of $48.86.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.