Grove Bank & Trust Acquires 31,237 Shares of First Trust Low Duration Opportunities ETF $LMBS

Grove Bank & Trust lifted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 19.9% during the third quarter, Holdings Channel reports. The institutional investor owned 188,014 shares of the company’s stock after acquiring an additional 31,237 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 1.1% of Grove Bank & Trust’s investment portfolio, making the stock its 23rd biggest position. Grove Bank & Trust’s holdings in First Trust Low Duration Opportunities ETF were worth $9,361,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LMBS. Creekmur Asset Management LLC boosted its stake in First Trust Low Duration Opportunities ETF by 497.2% during the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $31,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $46,000. Asset Dedication LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $67,000. Finally, Y.D. More Investments Ltd raised its position in shares of First Trust Low Duration Opportunities ETF by 133.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,596 shares of the company’s stock worth $78,000 after purchasing an additional 913 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.91 on Tuesday. First Trust Low Duration Opportunities ETF has a one year low of $48.32 and a one year high of $50.25. The company’s 50-day moving average is $49.99 and its 200 day moving average is $49.61.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, December 12th.

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.