Narwhal Capital Management Has $655,000 Stake in First Trust Low Duration Opportunities ETF $LMBS

Narwhal Capital Management decreased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,299 shares of the company’s stock after selling 692 shares during the period. Narwhal Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMBS. GAMMA Investing LLC boosted its stake in First Trust Low Duration Opportunities ETF by 4,472.9% in the 1st quarter. GAMMA Investing LLC now owns 64,203 shares of the company’s stock worth $3,156,000 after purchasing an additional 62,799 shares during the period. Farther Finance Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 14.8% in the 1st quarter. Farther Finance Advisors LLC now owns 19,882 shares of the company’s stock worth $978,000 after purchasing an additional 2,557 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 50,519 shares of the company’s stock worth $2,484,000 after purchasing an additional 8,810 shares during the period. Simplicity Wealth LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter worth approximately $555,000. Finally, Columbia Advisory Partners LLC lifted its position in First Trust Low Duration Opportunities ETF by 1.6% in the 1st quarter. Columbia Advisory Partners LLC now owns 27,062 shares of the company’s stock worth $1,330,000 after buying an additional 426 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.2%

LMBS stock opened at $49.88 on Thursday. First Trust Low Duration Opportunities ETF has a 12-month low of $48.32 and a 12-month high of $50.25. The company has a 50 day moving average of $49.67 and a two-hundred day moving average of $49.24.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.17 dividend. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a 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.