Fairway Financial LLC Takes $6.37 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Fairway Financial LLC purchased a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, Holdings Channel reports. The firm purchased 130,844 shares of the company’s stock, valued at approximately $6,368,000. First Trust Low Duration Opportunities ETF accounts for approximately 5.8% of Fairway Financial LLC’s portfolio, making the stock its 8th biggest position.

A number of other large investors have also made changes to their positions in LMBS. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $47,000. Riggs Asset Managment Co. Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $76,000. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter worth $79,000. Kestra Investment Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $127,000. Finally, Harbor Investment Advisory LLC lifted its stake in First Trust Low Duration Opportunities ETF by 20.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after purchasing an additional 459 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $48.94 on Friday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The stock’s fifty day moving average is $48.65 and its two-hundred day moving average is $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, January 22nd.

About First Trust Low Duration Opportunities ETF

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.