Nations Financial Group Inc. IA ADV Boosts Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Nations Financial Group Inc. IA ADV grew its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,468 shares of the company’s stock after purchasing an additional 386 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in First Trust Low Duration Opportunities ETF were worth $1,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LMBS. Endowment Wealth Management Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 5.3% in the first quarter. Endowment Wealth Management Inc. now owns 30,533 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,528 shares during the period. Condor Capital Management raised its holdings in First Trust Low Duration Opportunities ETF by 21.8% during the first quarter. Condor Capital Management now owns 282,739 shares of the company’s stock worth $13,642,000 after purchasing an additional 50,675 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in First Trust Low Duration Opportunities ETF by 38.6% during the first quarter. Orion Portfolio Solutions LLC now owns 33,636 shares of the company’s stock worth $1,623,000 after purchasing an additional 9,372 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 7.4% during the first quarter. Ameritas Investment Partners Inc. now owns 126,532 shares of the company’s stock worth $6,105,000 after purchasing an additional 8,723 shares in the last quarter. Finally, InterOcean Capital Group LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $345,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.80 on Tuesday. The company’s 50 day moving average is $49.13 and its two-hundred day moving average is $48.65. 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 firm also recently announced a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.