Brookstone Capital Management Has $1.06 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Brookstone Capital Management reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,887 shares of the company’s stock after selling 4,311 shares during the period. Brookstone Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevated Capital Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 3.5% during the first quarter. Elevated Capital Advisors LLC now owns 48,240 shares of the company’s stock worth $2,328,000 after purchasing an additional 1,644 shares during the period. Columbia Advisory Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter worth $900,000. Quad Cities Investment Group LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter worth $336,000. Keystone Wealth Services LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 8.9% during the first quarter. Keystone Wealth Services LLC now owns 60,672 shares of the company’s stock worth $2,927,000 after purchasing an additional 4,943 shares during the period. Finally, Global Assets Advisory LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 4,688.2% during the first quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock worth $62,286,000 after purchasing an additional 1,263,932 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.05 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $46.58 and a 12 month high of $48.55. The business has a fifty day simple moving average of $48.04 and a 200 day simple moving average of $48.13.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.25%.

First Trust Low Duration Opportunities ETF 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.