Geneos Wealth Management Inc. Invests $6.11 Million in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Geneos Wealth Management Inc. acquired a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, Holdings Channel reports. The fund acquired 125,553 shares of the company’s stock, valued at approximately $6,111,000.

A number of other institutional investors also recently bought and sold shares of LMBS. Farther Finance Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock valued at $780,000 after purchasing an additional 246 shares in the last quarter. Claro Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% in the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after acquiring an additional 249 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in First Trust Low Duration Opportunities ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after acquiring an additional 386 shares during the last quarter. Pinnacle Family Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 4.3% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after acquiring an additional 391 shares during the period. Finally, Holistic Financial Partners grew its stake in First Trust Low Duration Opportunities ETF by 2.9% during the 3rd quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after purchasing an additional 419 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $48.54 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The stock’s 50-day simple moving average is $48.70 and its 200-day simple moving average is $48.88.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.20%.

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.