Concourse Financial Group Securities Inc. Has $1.79 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Concourse Financial Group Securities Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 221.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,121 shares of the company’s stock after purchasing an additional 25,577 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LMBS. Diversify Advisory Services LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $413,000. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 11.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 624,438 shares of the company’s stock worth $30,129,000 after purchasing an additional 61,713 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 83.2% in the first quarter. Benjamin Edwards Inc. now owns 6,815 shares of the company’s stock worth $329,000 after purchasing an additional 3,096 shares during the period. Insight Inv LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 5.2% in the first quarter. Insight Inv LLC now owns 7,470 shares of the company’s stock worth $360,000 after purchasing an additional 370 shares during the period. Finally, Narwhal Capital Management raised its stake in First Trust Low Duration Opportunities ETF by 27.1% in the first quarter. Narwhal Capital Management now owns 18,906 shares of the company’s stock valued at $912,000 after purchasing an additional 4,033 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

First Trust Low Duration Opportunities ETF stock traded up $0.16 during trading hours on Friday, reaching $48.27. 490,845 shares of the stock were exchanged, compared to its average volume of 448,029. First Trust Low Duration Opportunities ETF has a twelve month low of $46.58 and a twelve month high of $48.55. The stock has a 50 day moving average of $48.08 and a two-hundred day moving average of $48.12.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, June 27th.

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.