88,335 Shares in First Trust Low Duration Opportunities ETF $LMBS Bought by Compass Financial Management LLC

Compass Financial 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 88,335 shares of the company’s stock, valued at approximately $4,397,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 6.0% in the 2nd quarter. Heck Capital Advisors LLC now owns 559,940 shares of the company’s stock worth $27,874,000 after buying an additional 31,562 shares during the period. City Holding Co. boosted its stake in First Trust Low Duration Opportunities ETF by 4.1% during the second quarter. City Holding Co. now owns 57,711 shares of the company’s stock worth $2,872,000 after acquiring an additional 2,276 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in First Trust Low Duration Opportunities ETF by 7.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 64,986 shares of the company’s stock worth $3,235,000 after acquiring an additional 4,556 shares in the last quarter. IFC & Insurance Marketing Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 6.9% during the second quarter. IFC & Insurance Marketing Inc. now owns 40,133 shares of the company’s stock worth $1,998,000 after acquiring an additional 2,588 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC grew its holdings in First Trust Low Duration Opportunities ETF by 2.5% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 258,802 shares of the company’s stock worth $12,883,000 after purchasing an additional 6,396 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.4%

Shares of NASDAQ LMBS opened at $49.53 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 company has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $49.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 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.