Mainsail Financial Group LLC Acquires 19,473 Shares of First Trust Low Duration Opportunities ETF $LMBS

Mainsail Financial Group LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 219,475 shares of the company’s stock after purchasing an additional 19,473 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 3.6% of Mainsail Financial Group LLC’s portfolio, making the stock its 8th biggest holding. Mainsail Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $10,636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of LMBS. Helium Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.0% in the first quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock worth $1,039,000 after purchasing an additional 210 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 0.7% during 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. Pinnacle Bancorp Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 9.3% during the first quarter. Pinnacle Bancorp Inc. now owns 4,100 shares of the company’s stock worth $204,000 after purchasing an additional 350 shares during the period. True Blue Financial LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.2% during the first quarter. True Blue Financial LLC now owns 30,141 shares of the company’s stock worth $1,501,000 after purchasing an additional 357 shares during the period. Finally, Argent Advisors Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.6% during the first quarter. Argent Advisors Inc. now owns 14,918 shares of the company’s stock worth $743,000 after purchasing an additional 373 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.76 on Monday. The company’s 50 day moving average price is $49.06 and its 200 day moving average price is $49.53. First Trust Low Duration Opportunities ETF has a 52 week low of $47.60 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 will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be given a $0.17 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%.

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.