Prospera Financial Services Inc Raises Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Prospera Financial Services Inc raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 32.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 456,916 shares of the company’s stock after purchasing an additional 111,451 shares during the period. Prospera Financial Services Inc owned 0.49% of First Trust Low Duration Opportunities ETF worth $22,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMBS. Beacon Financial Advisory LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after buying an additional 754 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 691.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock worth $745,000 after buying an additional 13,569 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 3.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock valued at $2,183,000 after buying an additional 1,524 shares during the period. Strategic Financial Concepts LLC acquired a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $53,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock valued at $6,626,000 after acquiring an additional 11,362 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.75 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The business has a fifty day moving average of $49.07 and a two-hundred day moving average of $48.69.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.