Patten Group Inc. Has $1.77 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Patten Group Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 26.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,324 shares of the company’s stock after acquiring an additional 7,641 shares during the period. Patten Group Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,768,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $47,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $79,000. Riggs Asset Managment Co. Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the last quarter. Kestra Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $127,000. Finally, Marshall Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $131,000.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.14 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The firm has a 50 day moving average price of $48.70 and a two-hundred day moving average price of $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.