Silver Oak Securities Incorporated Purchases 22,226 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Silver Oak Securities Incorporated boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 30.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,410 shares of the company’s stock after acquiring an additional 22,226 shares during the quarter. Silver Oak Securities Incorporated owned 0.10% of First Trust Low Duration Opportunities ETF worth $4,663,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 7.8% in the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after acquiring an additional 550,017 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock worth $96,656,000 after purchasing an additional 10,854 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Low Duration Opportunities ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after purchasing an additional 15,450 shares during the period. Cetera Investment Advisers raised its stake in First Trust Low Duration Opportunities ETF by 17.5% during the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after buying an additional 140,132 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% during the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after buying an additional 45,961 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.79 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock’s fifty day moving average price is $49.21 and its 200-day moving average price is $48.56.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.17 dividend. The ex-dividend date is Tuesday, October 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.