Marino Stram & Associates LLC Increases Position in First Trust Low Duration Opportunities ETF $LMBS

Marino Stram & Associates LLC increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 91.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,437 shares of the company’s stock after purchasing an additional 15,992 shares during the period. Marino Stram & Associates LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,665,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares during the period. Raymond James Financial Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after acquiring an additional 185,249 shares during the period. Vestmark Advisory Solutions Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 104.0% during the second quarter. Vestmark Advisory Solutions Inc. now owns 363,206 shares of the company’s stock worth $17,892,000 after purchasing an additional 185,184 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in First Trust Low Duration Opportunities ETF by 139.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock valued at $15,056,000 after purchasing an additional 177,987 shares during the period. Finally, Osaic Holdings Inc. raised its stake in First Trust Low Duration Opportunities ETF by 26.0% during the 2nd quarter. Osaic Holdings Inc. now owns 850,960 shares of the company’s stock valued at $41,928,000 after purchasing an additional 175,338 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $50.09 on Tuesday. First Trust Low Duration Opportunities ETF has a 1-year low of $48.37 and a 1-year high of $51.98. The business has a 50 day simple moving average of $50.04 and a two-hundred day simple moving average of $49.82.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.