Prism Advisors Inc. Buys 27,635 Shares of First Trust Low Duration Opportunities ETF $LMBS

Prism Advisors Inc. raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 344,206 shares of the company’s stock after buying an additional 27,635 shares during the period. First Trust Low Duration Opportunities ETF makes up approximately 4.2% of Prism Advisors Inc.’s holdings, making the stock its 6th largest holding. Prism Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $16,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Enhancement Group LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $26,082,000. Royal Bank of Canada increased its stake in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after purchasing an additional 372,725 shares in the last quarter. Commonwealth Financial Services LLC raised its holdings in First Trust Low Duration Opportunities ETF by 7,161.8% during the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock worth $14,646,000 after purchasing an additional 289,982 shares during the last quarter. Searcy Financial Services Inc. ADV acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter worth $11,924,000. Finally, Bank of America Corp DE grew its holdings in First Trust Low Duration Opportunities ETF by 11.9% in the first 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 Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $48.68 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.60 and a fifty-two week high of $51.98. The business has a fifty day simple moving average of $49.24 and a 200-day simple moving average of $49.61.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.