Private Client Services LLC Has $385,000 Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Private Client Services LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,903 shares of the company’s stock after purchasing an additional 686 shares during the period. Private Client Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LMBS. LPL Financial LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after buying an additional 929,010 shares during the period. Long Run Wealth Advisors LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $10,901,000. Financial Enhancement Group LLC boosted its stake in First Trust Low Duration Opportunities ETF by 87.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after purchasing an additional 206,322 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 449.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after purchasing an additional 199,575 shares during the period. Finally, First International Bank & Trust bought a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $9,657,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of LMBS stock traded up $0.01 on Wednesday, hitting $48.46. 611,235 shares of the stock were exchanged, compared to its average volume of 631,588. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The business has a 50-day moving average of $48.74 and a 200 day moving average of $48.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.21%.

About First Trust Low Duration Opportunities ETF

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.