Harbour Investments Inc. Purchases 49,942 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Posted by Doug Wharley on Nov 12th, 2024

Harbour Investments Inc. increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,047 shares of the company’s stock after acquiring an additional 49,942 shares during the quarter. Harbour Investments Inc. owned about 0.34% of First Trust Low Duration Opportunities ETF worth $15,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hershey Financial Advisers LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $30,000. Hilltop National Bank acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $42,000. Chris Bulman Inc purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at about $43,000. Triad Wealth Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth about $44,000. Finally, GAMMA Investing LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $62,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $48.80 on Tuesday. The firm’s 50-day moving average price is $49.13 and its 200-day moving average price is $48.65. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.18%.

About First Trust Low Duration Opportunities ETF

(Free Report)

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.