Park Avenue Securities LLC Has $2.03 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Park Avenue Securities LLC decreased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 41,300 shares of the company’s stock after selling 6,245 shares during the period. Park Avenue Securities LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,030,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 26.2% during the fourth quarter. Principal Securities Inc. now owns 18,690 shares of the company’s stock worth $910,000 after purchasing an additional 3,875 shares during the last quarter. US Bancorp DE lifted its stake in First Trust Low Duration Opportunities ETF by 66.9% in the fourth quarter. US Bancorp DE now owns 6,177 shares of the company’s stock valued at $301,000 after acquiring an additional 2,476 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its stake in First Trust Low Duration Opportunities ETF by 32.5% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,162 shares of the company’s stock valued at $397,000 after acquiring an additional 2,003 shares during the last quarter. Core Wealth Partners LLC lifted its stake in First Trust Low Duration Opportunities ETF by 6.8% in the fourth quarter. Core Wealth Partners LLC now owns 25,773 shares of the company’s stock valued at $1,254,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted its stake in First Trust Low Duration Opportunities ETF by 31.4% in the fourth quarter. Tyler Stone Wealth Management now owns 21,251 shares of the company’s stock valued at $1,034,000 after acquiring an additional 5,082 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

Shares of LMBS stock opened at $48.92 on Wednesday. The company has a fifty day moving average price of $48.87 and a two-hundred day moving average price of $48.85. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, May 21st.

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.