First Trust Low Duration Opportunities ETF $LMBS Shares Bought by Grove Bank & Trust

Grove Bank & Trust lifted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 232,966 shares of the company’s stock after buying an additional 13,552 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 1.1% of Grove Bank & Trust’s holdings, making the stock its 26th biggest holding. Grove Bank & Trust’s holdings in First Trust Low Duration Opportunities ETF were worth $11,290,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of LMBS. Royal Bank of Canada increased its stake in shares of First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after buying an additional 372,725 shares during the period. Cetera Investment Advisers lifted its position in First Trust Low Duration Opportunities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after acquiring an additional 171,648 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 11.9% in the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after purchasing an additional 212,258 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% in the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock valued at $75,755,000 after acquiring an additional 199,426 shares during the period. Finally, Berger Financial Group Inc grew its position in First Trust Low Duration Opportunities ETF by 6.9% during the 1st quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after purchasing an additional 72,760 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3%

Shares of NASDAQ:LMBS traded up $0.16 during trading on Thursday, reaching $48.65. The company had a trading volume of 1,233,521 shares, compared to its average volume of 570,635. The stock’s fifty day moving average price is $49.28 and its 200 day moving average price is $49.62. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.60 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 24th.

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.