Silver Oak Securities Incorporated Increases Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Silver Oak Securities Incorporated grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 102,370 shares of the company’s stock after buying an additional 7,960 shares during the period. Silver Oak Securities Incorporated owned approximately 0.11% of First Trust Low Duration Opportunities ETF worth $4,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Beacon Financial Advisory LLC lifted its position in First Trust Low Duration Opportunities ETF by 34.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 9,311 shares of the company’s stock valued at $453,000 after acquiring an additional 2,369 shares in the last quarter. Long Run Wealth Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 2.3% in the fourth quarter. Long Run Wealth Advisors LLC now owns 225,768 shares of the company’s stock worth $10,988,000 after purchasing an additional 5,150 shares during the last quarter. Centennial Wealth Advisory LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 146.5% during the fourth quarter. Centennial Wealth Advisory LLC now owns 23,192 shares of the company’s stock valued at $1,129,000 after purchasing an additional 13,784 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 69.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 15,638 shares of the company’s stock valued at $761,000 after buying an additional 6,429 shares during the last quarter. Finally, PFS Partners LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 22.5% during the fourth quarter. PFS Partners LLC now owns 212,642 shares of the company’s stock valued at $10,349,000 after buying an additional 39,035 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.81 on Thursday. The business has a 50-day simple moving average of $48.70 and a two-hundred day simple moving average of $48.89. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.18%.

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.