First Trust Low Duration Opportunities ETF $LMBS Stock Purchased by TradeWell Securities LLC.

TradeWell Securities LLC. increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 136.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,728 shares of the company’s stock after acquiring an additional 11,978 shares during the period. First Trust Low Duration Opportunities ETF accounts for 0.3% of TradeWell Securities LLC.’s holdings, making the stock its 29th biggest position. TradeWell Securities LLC.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,004,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in First Trust Low Duration Opportunities ETF by 13.0% in the first 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 during the last quarter. Cetera Investment Advisers increased its position in shares of 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 buying an additional 171,648 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Trust Low Duration Opportunities ETF by 11.9% during the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after buying an additional 212,258 shares during the last quarter. First Trust Advisors LP raised its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% during the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after buying an additional 199,426 shares during the last quarter. Finally, Berger Financial Group Inc raised its stake in shares of 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 buying an additional 72,760 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock traded down $0.12 on Wednesday, hitting $48.62. The company’s stock had a trading volume of 272,895 shares, compared to its average volume of 571,202. First Trust Low Duration Opportunities ETF has a 52-week low of $47.60 and a 52-week high of $51.98. The firm has a fifty day moving average price of $49.12 and a 200-day moving average price of $49.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 21st.

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.