Richard W. Paul & Associates LLC Acquires 2,282 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Richard W. Paul & Associates LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.4% during the second quarter, HoldingsChannel.com reports. The firm owned 26,436 shares of the company’s stock after buying an additional 2,282 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,270,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $1,258,000. CWM LLC grew its stake in First Trust Low Duration Opportunities ETF by 17.1% during the fourth quarter. CWM LLC now owns 4,658 shares of the company’s stock worth $225,000 after purchasing an additional 679 shares during the period. Telemus Capital LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $289,000. TAP Consulting LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 248.3% in the 4th quarter. TAP Consulting LLC now owns 277,944 shares of the company’s stock valued at $13,430,000 after buying an additional 198,145 shares during the period. Finally, Silver Oak Securities Incorporated grew its stake in First Trust Low Duration Opportunities ETF by 20.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 79,161 shares of the company’s stock valued at $3,825,000 after acquiring an additional 13,330 shares during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.2 %

Shares of NASDAQ:LMBS traded down $0.08 during midday trading on Thursday, hitting $48.92. 495,938 shares of the company’s stock were exchanged, compared to its average volume of 467,076. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $49.92. The stock has a 50 day moving average price of $48.58 and a 200-day moving average price of $48.22.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, August 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.