Titleist Asset Management LLC Purchases New Shares in First Trust Low Duration Opportunities ETF $LMBS

Titleist Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,107 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently modified their holdings of LMBS. Abbot Financial Management Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.9% during the 1st quarter. Abbot Financial Management Inc. now owns 28,918 shares of the company’s stock valued at $1,422,000 after buying an additional 259 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of 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 valued at $1,431,000 after purchasing an additional 310 shares during the period. Towerpoint Wealth LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 2.0% during 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. Moloney Securities Asset Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 6.1% during the second quarter. Moloney Securities Asset Management LLC now owns 8,530 shares of the company’s stock worth $420,000 after purchasing an additional 488 shares in the last quarter. Finally, Creekmur Asset Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 497.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

LMBS stock opened at $49.99 on Tuesday. First Trust Low Duration Opportunities ETF has a 12-month low of $48.32 and a 12-month high of $50.25. The business’s 50-day moving average is $49.95 and its 200 day moving average is $49.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 21st will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, November 21st.

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.