MRA Advisory Group Buys 22,482 Shares of First Trust Low Duration Opportunities ETF $LMBS

MRA Advisory Group raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 15.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,684 shares of the company’s stock after buying an additional 22,482 shares during the period. First Trust Low Duration Opportunities ETF comprises 3.0% of MRA Advisory Group’s investment portfolio, making the stock its 7th biggest position. MRA Advisory Group owned approximately 0.13% of First Trust Low Duration Opportunities ETF worth $8,271,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its stake in First Trust Low Duration Opportunities ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after buying an additional 372,725 shares in the last quarter. Commonwealth Financial Services LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 7,161.8% in the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock valued at $14,646,000 after buying an additional 289,982 shares during the last quarter. Searcy Financial Services Inc. ADV acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter worth about $11,924,000. Bank of America Corp DE grew its position in shares of First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after purchasing an additional 212,258 shares in the last quarter. Finally, Carter Financial LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth $10,388,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS traded down $0.01 during trading on Wednesday, reaching $48.51. 663,015 shares of the company traded hands, compared to its average volume of 563,101. The stock has a 50-day simple moving average of $49.30 and a 200-day simple moving average of $49.63. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.04 annualized dividend and a dividend yield of 4.2%.

About First Trust Low Duration Opportunities ETF

(Free Report)

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.

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