Center for Financial Planning Inc. Has $4.20 Million Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Center for Financial Planning Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,359 shares of the company’s stock after purchasing an additional 8,116 shares during the period. First Trust Low Duration Opportunities ETF makes up approximately 0.5% of Center for Financial Planning Inc.’s investment portfolio, making the stock its 14th largest holding. Center for Financial Planning Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $4,196,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LMBS. Winebrenner Capital Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $431,000. Marshall Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $131,000. Wealthspire Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $420,000. IFP Advisors Inc grew its stake in shares of First Trust Low Duration Opportunities ETF by 19.7% during the fourth quarter. IFP Advisors Inc now owns 152,471 shares of the company’s stock worth $7,421,000 after purchasing an additional 25,076 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 51.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 57,915 shares of the company’s stock worth $2,819,000 after purchasing an additional 19,560 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.16 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The business has a fifty day simple moving average of $48.92 and a 200 day simple moving average of $48.87.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%.

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.