B. Riley Wealth Advisors Inc. Grows Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

B. Riley Wealth Advisors Inc. grew its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 23.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,496 shares of the company’s stock after buying an additional 4,275 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,063,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter valued at $60,773,000. Stratos Wealth Partners LTD. increased its position in shares of First Trust Low Duration Opportunities ETF by 23.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 154,805 shares of the company’s stock valued at $7,480,000 after buying an additional 29,562 shares during the period. Narwhal Capital Management boosted its position in shares of First Trust Low Duration Opportunities ETF by 35.5% in the fourth quarter. Narwhal Capital Management now owns 14,873 shares of the company’s stock valued at $719,000 after acquiring an additional 3,896 shares during the period. RiverTree Advisors LLC grew its stake in First Trust Low Duration Opportunities ETF by 26.2% during the fourth quarter. RiverTree Advisors LLC now owns 235,422 shares of the company’s stock valued at $11,376,000 after acquiring an additional 48,847 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in First Trust Low Duration Opportunities ETF by 47.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 267,307 shares of the company’s stock worth $12,916,000 after acquiring an additional 85,415 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $48.87 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $46.58 and a one year high of $49.00. The company has a fifty day moving average price of $48.31 and a 200-day moving average price of $48.16.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%.

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.