Richard W. Paul & Associates LLC Has $1.27 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Richard W. Paul & Associates LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,436 shares of the company’s stock after purchasing an additional 2,282 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LMBS. NBC Securities Inc. raised its position in First Trust Low Duration Opportunities ETF by 1.2% during the fourth quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock valued at $947,000 after buying an additional 233 shares during the period. Abbot Financial Management Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.3% in the fourth quarter. Abbot Financial Management Inc. now owns 18,937 shares of the company’s stock worth $915,000 after purchasing an additional 238 shares in the last quarter. City Holding Co. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 0.7% during the second quarter. City Holding Co. now owns 40,370 shares of the company’s stock worth $1,939,000 after purchasing an additional 300 shares during the period. Insight Inv LLC grew its position in First Trust Low Duration Opportunities ETF by 5.2% during the first quarter. Insight Inv LLC now owns 7,470 shares of the company’s stock valued at $360,000 after purchasing an additional 370 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter valued at approximately $25,000.

First Trust Low Duration Opportunities ETF Stock Down 0.2 %

LMBS stock traded down $0.08 during midday trading on Thursday, reaching $48.92. The company had a trading volume of 495,938 shares, compared to its average volume of 467,076. The company has a 50 day moving average of $48.58 and a two-hundred day moving average of $48.22. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $49.92.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.17%.

First Trust Low Duration Opportunities ETF Company 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.