First International Bank & Trust Makes New $9.66 Million Investment in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

First International Bank & Trust bought a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 195,437 shares of the company’s stock, valued at approximately $9,657,000. First Trust Low Duration Opportunities ETF makes up approximately 3.1% of First International Bank & Trust’s investment portfolio, making the stock its 9th largest position. First International Bank & Trust owned 0.21% of First Trust Low Duration Opportunities ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LMBS. Global Assets Advisory LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 4,688.2% during the 1st 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 in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 7.8% in the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after acquiring an additional 550,017 shares during the period. Trilogy Capital Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 2,194.1% in the first quarter. Trilogy Capital Inc. now owns 471,010 shares of the company’s stock valued at $22,726,000 after acquiring an additional 450,479 shares during the period. Brookstone Capital Management grew its stake in First Trust Low Duration Opportunities ETF by 2,052.6% during the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after acquiring an additional 449,249 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in First Trust Low Duration Opportunities ETF by 114.6% during the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock worth $38,604,000 after acquiring an additional 427,232 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded down $0.18 on Friday, hitting $49.14. The stock had a trading volume of 721,814 shares, compared to its average volume of 473,752. The firm has a 50-day moving average of $49.17 and a 200-day moving average of $48.48. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.15%. The ex-dividend date was Thursday, September 26th.

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.