Mainsail Financial Group LLC Purchases 34,392 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Mainsail Financial Group LLC raised its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 48.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,975 shares of the company’s stock after acquiring an additional 34,392 shares during the period. First Trust Low Duration Opportunities ETF makes up approximately 3.1% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Mainsail Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $5,199,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its position in First Trust Low Duration Opportunities ETF by 7.8% during the 2nd quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after purchasing an additional 550,017 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust Low Duration Opportunities ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after buying an additional 10,854 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock valued at $46,321,000 after purchasing an additional 15,450 shares in the last quarter. Cetera Investment Advisers grew its position in First Trust Low Duration Opportunities ETF by 17.5% in the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock worth $45,178,000 after acquiring an additional 140,132 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in First Trust Low Duration Opportunities ETF by 6.0% in the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after purchasing an additional 45,961 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.83 on Wednesday. The company has a 50-day moving average price of $49.22 and a 200-day moving average price of $48.56. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, October 22nd.

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.