First Trust Low Duration Opportunities ETF $LMBS Shares Bought by Patten Group Inc.

Patten Group Inc. increased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,085 shares of the company’s stock after purchasing an additional 1,711 shares during the period. Patten Group Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Abbot Financial Management Inc. grew its stake in First Trust Low Duration Opportunities ETF by 0.9% in the first quarter. Abbot Financial Management Inc. now owns 28,918 shares of the company’s stock worth $1,422,000 after purchasing an additional 259 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in First Trust Low Duration Opportunities ETF by 1.1% in the second quarter. Chicago Partners Investment Group LLC now owns 29,114 shares of the company’s stock worth $1,431,000 after purchasing an additional 310 shares in the last quarter. Towerpoint Wealth LLC grew its stake in First Trust Low Duration Opportunities ETF by 2.0% in the second quarter. Towerpoint Wealth LLC now owns 17,580 shares of the company’s stock worth $866,000 after purchasing an additional 350 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 1.6% in the first quarter. Axxcess Wealth Management LLC now owns 22,111 shares of the company’s stock worth $1,087,000 after purchasing an additional 352 shares in the last quarter. Finally, Platform Technology Partners grew its stake in First Trust Low Duration Opportunities ETF by 5.5% in the first quarter. Platform Technology Partners now owns 7,827 shares of the company’s stock worth $385,000 after purchasing an additional 407 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.4%

NASDAQ:LMBS opened at $49.95 on Wednesday. First Trust Low Duration Opportunities ETF has a one year low of $48.32 and a one year high of $50.25. The stock has a 50-day simple moving average of $49.79 and a 200 day simple moving average of $49.30.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, November 3rd.

About First Trust Low Duration Opportunities ETF

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.