IFP Advisors Inc Raises Stock Position in First Trust Low Duration Opportunities ETF $LMBS

IFP Advisors Inc increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 306,917 shares of the company’s stock after acquiring an additional 32,785 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Low Duration Opportunities ETF were worth $15,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $26,000. Hazlett Burt & Watson Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 160.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth $69,000. Pinnacle Bancorp Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock worth $187,000 after acquiring an additional 450 shares in the last quarter. Finally, Lion Street Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 5.7% during the 3rd quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock worth $222,000 after purchasing an additional 236 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.2%

Shares of LMBS opened at $49.63 on Wednesday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98. The firm’s fifty day moving average is $49.95 and its two-hundred day moving average is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.