Sovran Advisors LLC Has $6.11 Million Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Sovran Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,572 shares of the company’s stock after buying an additional 18,549 shares during the quarter. Sovran Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $6,110,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 95.3% in the fourth quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after acquiring an additional 709,693 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $33,401,000. Elevation Point Wealth Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $22,376,000. Axxcess Wealth Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 1,602.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after purchasing an additional 391,503 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 46.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock worth $60,379,000 after purchasing an additional 382,941 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of LMBS traded up $0.03 during midday trading on Friday, reaching $49.69. 372,972 shares of the stock were exchanged, compared to its average volume of 573,977. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The firm has a 50 day simple moving average of $49.79 and a 200-day simple moving average of $49.99.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.17 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.