Grove Bank & Trust Has $10.92 Million Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Grove Bank & Trust grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 219,414 shares of the company’s stock after purchasing an additional 10,977 shares during the period. First Trust Low Duration Opportunities ETF accounts for about 1.1% of Grove Bank & Trust’s portfolio, making the stock its 23rd largest position. Grove Bank & Trust’s holdings in First Trust Low Duration Opportunities ETF were worth $10,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LMBS. CoreCap Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 3.7% during the second quarter. CoreCap Advisors LLC now owns 65,450 shares of the company’s stock worth $3,258,000 after buying an additional 2,347 shares during the last quarter. Trilogy Capital Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 3.0% during the second quarter. Trilogy Capital Inc. now owns 574,767 shares of the company’s stock valued at $28,612,000 after buying an additional 16,726 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter worth about $113,000. Sapient Capital LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter worth about $333,000. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of First Trust Low Duration Opportunities ETF by 12.7% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 53,279 shares of the company’s stock worth $2,654,000 after buying an additional 5,995 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

LMBS opened at $49.58 on Wednesday. The stock has a 50-day moving average of $49.71 and a 200-day moving average of $49.93. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a $0.17 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, July 21st.

About First Trust Low Duration Opportunities ETF

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.