66,056 Shares in First Trust Low Duration Opportunities ETF $LMBS Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,056 shares of the company’s stock, valued at approximately $3,201,000.

Other institutional investors also recently bought and sold shares of the company. Financial Enhancement Group LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $26,082,000. Royal Bank of Canada grew its position in shares of First Trust Low Duration Opportunities ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after purchasing an additional 372,725 shares during the period. Commonwealth Financial Services LLC increased its stake in First Trust Low Duration Opportunities ETF by 7,161.8% in the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock valued at $14,646,000 after purchasing an additional 289,982 shares during the last quarter. Searcy Financial Services Inc. ADV acquired a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at $11,924,000. Finally, Bank of America Corp DE lifted its position in First Trust Low Duration Opportunities ETF by 11.9% during the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after buying an additional 212,258 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.99 on Friday. The stock’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $49.68. First Trust Low Duration Opportunities ETF has a 12-month low of $47.60 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, October 21st.

First Trust Low Duration Opportunities ETF Company 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.