Beacon Financial Advisory LLC Increases Holdings in First Trust Low Duration Opportunities ETF $LMBS

Beacon Financial Advisory LLC increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 81.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 46,587 shares of the company’s stock after acquiring an additional 20,885 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 0.6% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 28th largest position. Beacon Financial Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LMBS. SouthState Corp purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $82,000. Rossby Financial LCC purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $87,000. Clarity Capital Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $203,000. Rathbones Group PLC purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $209,000. Finally, Parallel Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 15.9% during the second quarter. Parallel Advisors LLC now owns 4,323 shares of the company’s stock worth $213,000 after buying an additional 593 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $49.90 on Friday. The business has a fifty day moving average of $49.63 and a two-hundred day moving average of $49.23. First Trust Low Duration Opportunities ETF has a 52-week low of $48.32 and a 52-week high of $50.25.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) annualized dividend and a 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.