Towerpoint Wealth LLC Acquires 471 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Towerpoint Wealth LLC increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,682 shares of the company’s stock after purchasing an additional 471 shares during the period. Towerpoint Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $812,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 12.2% during 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 purchased a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $10,901,000. Financial Enhancement Group LLC increased its holdings in First Trust Low Duration Opportunities ETF by 87.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after acquiring an additional 206,322 shares during the period. Foundations Investment Advisors LLC lifted its stake in 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 worth $12,056,000 after purchasing an additional 199,575 shares in the last quarter. Finally, First International Bank & Trust bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $9,657,000.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

Shares of First Trust Low Duration Opportunities ETF stock traded up $0.06 during trading on Thursday, hitting $48.61. The stock had a trading volume of 27,416 shares, compared to its average volume of 581,975. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The business’s 50-day moving average is $48.72 and its 200 day moving average is $48.86.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%.

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.