EdgeRock Capital LLC Buys Shares of 135,765 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

EdgeRock Capital LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 135,765 shares of the company’s stock, valued at approximately $6,556,000. First Trust Low Duration Opportunities ETF accounts for 4.8% of EdgeRock Capital LLC’s investment portfolio, making the stock its 7th largest position.

A number of other institutional investors also recently made changes to their positions in LMBS. Park Avenue Securities LLC boosted its stake in First Trust Low Duration Opportunities ETF by 11.1% during the 3rd quarter. Park Avenue Securities LLC now owns 38,730 shares of the company’s stock valued at $1,830,000 after purchasing an additional 3,864 shares in the last quarter. Alpha Financial Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 0.3% in the 3rd quarter. Alpha Financial Advisors LLC now owns 95,469 shares of the company’s stock worth $4,510,000 after purchasing an additional 281 shares during the last quarter. Assetmark Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 182.5% in the 3rd quarter. Assetmark Inc. now owns 67,798 shares of the company’s stock worth $3,203,000 after purchasing an additional 43,802 shares in the last quarter. Narwhal Capital Management lifted its stake in First Trust Low Duration Opportunities ETF by 16.7% during the third quarter. Narwhal Capital Management now owns 10,977 shares of the company’s stock valued at $519,000 after purchasing an additional 1,571 shares during the last quarter. Finally, Insight Inv LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 82.1% during the third quarter. Insight Inv LLC now owns 7,100 shares of the company’s stock worth $332,000 after buying an additional 3,200 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS traded up $0.06 on Tuesday, reaching $47.96. 248,049 shares of the company traded hands, compared to its average volume of 502,377. The company’s 50 day moving average is $47.99 and its 200-day moving average is $47.90. First Trust Low Duration Opportunities ETF has a fifty-two week low of $46.58 and a fifty-two week high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were given a $0.175 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $2.10 annualized dividend and a dividend yield of 4.38%.

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.