Bank of America Corp DE Grows Holdings in First Trust Low Duration Opportunities ETF $LMBS

Bank of America Corp DE lifted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 11.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,001,550 shares of the company’s stock after purchasing an additional 212,258 shares during the quarter. Bank of America Corp DE’s holdings in First Trust Low Duration Opportunities ETF were worth $99,697,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Palisade Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the first quarter worth $35,000. Bank of Montreal Can lifted its stake in First Trust Low Duration Opportunities ETF by 169.0% during the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after buying an additional 250 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $56,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of NASDAQ LMBS opened at $49.66 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The stock has a fifty day simple moving average of $49.70 and a 200-day simple moving average of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a $0.17 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend 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.