Mainsail Financial Group LLC Boosts Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Mainsail Financial Group LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 48.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,975 shares of the company’s stock after acquiring an additional 34,392 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 3.1% of Mainsail Financial Group LLC’s holdings, making the stock its 12th largest position. Mainsail Financial Group LLC owned 0.11% of First Trust Low Duration Opportunities ETF worth $5,199,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 691.6% during the second quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock valued at $745,000 after buying an additional 13,569 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock worth $2,183,000 after buying an additional 1,524 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 14.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 265,375 shares of the company’s stock worth $12,804,000 after buying an additional 33,604 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $53,000. Finally, Ameritas Investment Partners Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock valued at $6,626,000 after purchasing an additional 11,362 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $48.83 on Wednesday. The business’s fifty day moving average price is $49.22 and its two-hundred day moving average price is $48.56. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is 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.