Envestnet Asset Management Inc. Increases Stake in First Trust Low Duration Opportunities ETF $LMBS

Envestnet Asset Management Inc. boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.5% during the second quarter, HoldingsChannel reports. The fund owned 970,436 shares of the company’s stock after buying an additional 41,990 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $47,804,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 6.1% in 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. TFB Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 10.9% in the 2nd quarter. TFB Advisors LLC now owns 19,745 shares of the company’s stock worth $973,000 after buying an additional 1,944 shares during the period. Patten Group Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 4.3% in the 2nd quarter. Patten Group Inc. now owns 41,085 shares of the company’s stock worth $2,024,000 after buying an additional 1,711 shares during the period. Brookstone Capital Management grew its stake in First Trust Low Duration Opportunities ETF by 0.9% in the 2nd quarter. Brookstone Capital Management now owns 441,694 shares of the company’s stock valued at $21,758,000 after buying an additional 3,817 shares in the last quarter. Finally, Divergent Planning LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $812,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $49.93 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.32 and a 1 year high of $50.25. The stock’s fifty day moving average price is $49.87 and its two-hundred day moving average price is $49.37.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 21st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, October 21st. 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.