Concorde Asset Management LLC Has $1.73 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Concorde Asset Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 68.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,523 shares of the company’s stock after purchasing an additional 13,671 shares during the period. First Trust Low Duration Opportunities ETF makes up about 1.0% of Concorde Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Concorde Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in LMBS. Larson Financial Group LLC lifted its stake in First Trust Low Duration Opportunities ETF by 11.6% in the second quarter. Larson Financial Group LLC now owns 19,632 shares of the company’s stock valued at $1,015,000 after acquiring an additional 2,044 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in First Trust Low Duration Opportunities ETF by 15.5% in the second quarter. Janney Montgomery Scott LLC now owns 215,088 shares of the company’s stock valued at $11,116,000 after acquiring an additional 28,911 shares during the last quarter. Pinnacle Bank lifted its stake in First Trust Low Duration Opportunities ETF by 803.2% in the third quarter. Pinnacle Bank now owns 2,249 shares of the company’s stock valued at $116,000 after acquiring an additional 2,000 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 6.0% in the third quarter. Flagship Harbor Advisors LLC now owns 20,370 shares of the company’s stock valued at $1,052,000 after purchasing an additional 1,148 shares during the period. Finally, NEXT Financial Group Inc raised its position in shares of First Trust Low Duration Opportunities ETF by 29.8% in the second quarter. NEXT Financial Group Inc now owns 28,700 shares of the company’s stock valued at $1,483,000 after purchasing an additional 6,583 shares during the period.

Shares of LMBS traded up $0.01 during trading hours on Monday, hitting $51.55. The company had a trading volume of 15,200 shares, compared to its average volume of 837,950. First Trust Low Duration Opportunities ETF has a 12 month low of $49.52 and a 12 month high of $52.96. The business has a fifty day moving average of $51.70 and a 200-day moving average of $51.69.

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 22nd will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, October 21st.

Featured Story: What does a neutral rating on stocks mean?

Institutional Ownership by Quarter for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Receive News & Ratings for First Trust Low Duration Opportunities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Low Duration Opportunities ETF and related companies with MarketBeat.com's FREE daily email newsletter.