Grove Bank & Trust Purchases 3,710 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Grove Bank & Trust boosted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 142,358 shares of the company’s stock after acquiring an additional 3,710 shares during the period. First Trust Low Duration Opportunities ETF makes up 1.0% of Grove Bank & Trust’s portfolio, making the stock its 23rd biggest position. Grove Bank & Trust’s holdings in First Trust Low Duration Opportunities ETF were worth $6,929,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beacon Financial Advisory LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after buying an additional 754 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after buying an additional 11,362 shares during the period. Claro Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after buying an additional 249 shares during the last quarter. TFB Advisors LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 13.8% in the third quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after buying an additional 1,613 shares during the period. Finally, AE Wealth Management LLC boosted its stake in First Trust Low Duration Opportunities ETF by 5.0% in the second quarter. AE Wealth Management LLC now owns 281,809 shares of the company’s stock valued at $13,541,000 after acquiring an additional 13,378 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.72 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The business’s fifty day moving average is $48.71 and its 200-day moving average is $48.87.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Friday, December 13th.

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.