Royal Bank of Canada Buys 372,725 Shares of First Trust Low Duration Opportunities ETF $LMBS

Royal Bank of Canada boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,242,866 shares of the company’s stock after purchasing an additional 372,725 shares during the quarter. Royal Bank of Canada owned about 2.63% of First Trust Low Duration Opportunities ETF worth $161,527,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Certified Advisory Corp increased its stake in shares of First Trust Low Duration Opportunities ETF by 3.2% in the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after acquiring an additional 200 shares during the last quarter. Helium Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 1.0% during the first quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock valued at $1,039,000 after purchasing an additional 210 shares during the period. Valley Financial Group Inc. increased its stake in First Trust Low Duration Opportunities ETF by 1.9% in the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after purchasing an additional 246 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing an additional 250 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 0.7% in the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock worth $2,375,000 after purchasing an additional 318 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.53 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The company’s fifty day moving average is $49.72 and its 200-day moving average is $49.95.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, July 21st. This represents a c) annualized dividend 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.