Royal Bank of Canada Has $133.31 Million Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Royal Bank of Canada lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,738,978 shares of the company’s stock after purchasing an additional 50,352 shares during the quarter. Royal Bank of Canada owned 2.83% of First Trust Low Duration Opportunities ETF worth $133,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LMBS. CoreCap Advisors LLC grew its stake in First Trust Low Duration Opportunities ETF by 6.0% during the fourth quarter. CoreCap Advisors LLC now owns 43,775 shares of the company’s stock worth $2,131,000 after buying an additional 2,497 shares during the last quarter. Cetera Investment Advisers increased its holdings in First Trust Low Duration Opportunities ETF by 75.1% during the 4th quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock valued at $83,917,000 after purchasing an additional 739,519 shares in the last quarter. Baird Financial Group Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 31.6% during the 4th quarter. Baird Financial Group Inc. now owns 512,016 shares of the company’s stock valued at $24,920,000 after purchasing an additional 123,063 shares in the last quarter. Benjamin Edwards Inc. raised its position in First Trust Low Duration Opportunities ETF by 13.3% in the 4th quarter. Benjamin Edwards Inc. now owns 79,064 shares of the company’s stock valued at $3,848,000 after purchasing an additional 9,280 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 909.3% in the fourth quarter. Ameriprise Financial Inc. now owns 67,464 shares of the company’s stock worth $3,283,000 after purchasing an additional 60,780 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.97 on Monday. The business has a fifty day moving average of $48.98 and a 200-day moving average of $48.84. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, April 22nd.

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.