Harbor Investment Advisory LLC Purchases 459 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Harbor Investment Advisory LLC lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,746 shares of the company’s stock after buying an additional 459 shares during the period. Harbor Investment Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $30,000. Riggs Asset Managment Co. Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $76,000. Prospera Private Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $79,000. Pinnacle Bancorp Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 23.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after purchasing an additional 611 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $203,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.53 on Thursday. The firm has a 50 day simple moving average of $48.71 and a 200 day simple moving average of $48.88. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

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

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.