MRA Advisory Group Has $7.25 Million Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

MRA Advisory Group trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 37.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,652 shares of the company’s stock after selling 87,182 shares during the quarter. First Trust Low Duration Opportunities ETF comprises approximately 3.0% of MRA Advisory Group’s holdings, making the stock its 9th biggest position. MRA Advisory Group’s holdings in First Trust Low Duration Opportunities ETF were worth $7,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $26,000. Bank of Montreal Can boosted its position in shares of First Trust Low Duration Opportunities ETF by 169.0% in 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 during the period. Hazlett Burt & Watson Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth $56,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $69,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.81 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The firm’s fifty day moving average is $49.85 and its 200 day moving average is $50.01.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a c) dividend on an annualized basis 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.