Concorde Asset Management LLC Buys Shares of 8,799 First Trust Low Duration Opportunities ETF (LMBS)

Concorde Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,799 shares of the company’s stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Juncture Wealth Strategies LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $200,000. Regal Investment Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $207,000. Northwest Wealth Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 2,165.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 4,169 shares of the company’s stock worth $213,000 after buying an additional 3,985 shares during the last quarter. Telemus Capital LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $231,000. Finally, Baird Financial Group Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $247,000.

Shares of LMBS stock traded down $0.02 on Tuesday, reaching $50.87. The stock had a trading volume of 590 shares, compared to its average volume of 237,866. First Trust Low Duration Opportunities ETF has a 1 year low of $50.79 and a 1 year high of $52.03.



The company also recently declared a monthly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 24th will be paid a $0.1175 dividend. This is an increase from First Trust Low Duration Opportunities ETF’s previous monthly dividend of $0.12. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, October 23rd.

Further Reading: Hedge Funds Explained

Institutional Ownership by Quarter for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

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