Mainsail Financial Group LLC Has $5.54 Million Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Mainsail Financial Group LLC boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,728 shares of the company’s stock after acquiring an additional 7,753 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for 3.2% of Mainsail Financial Group LLC’s portfolio, making the stock its 11th largest position. Mainsail Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $76,000. Prospera Private Wealth LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $79,000. Harbor Investment Advisory LLC boosted its position in First Trust Low Duration Opportunities ETF by 20.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $203,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $48.76 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The company’s fifty day simple moving average is $48.70 and its 200-day simple moving average is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.18%.

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.