Wealthspire Advisors LLC Makes New $420,000 Investment in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wealthspire Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, Holdings Channel.com reports. The firm bought 8,628 shares of the company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also made changes to their positions in LMBS. Farmers & Merchants Investments Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $47,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $79,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 16.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $127,000. Finally, Marshall Investment Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $131,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

LMBS stock opened at $49.02 on Thursday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock’s 50 day moving average price is $48.67 and its 200 day moving average price is $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Friday, February 21st.

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.