Vestmark Advisory Solutions Inc. Raises Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Vestmark Advisory Solutions Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 25.8% during the 4th quarter, Holdings Channel reports. The fund owned 168,698 shares of the company’s stock after buying an additional 34,628 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $8,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Claro Advisors LLC grew its stake 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 buying an additional 249 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake 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 valued at $87,000 after purchasing an additional 250 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after purchasing an additional 386 shares during the period. Pinnacle Family Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 4.3% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after buying an additional 391 shares during the period. Finally, Holistic Financial Partners lifted its position in First Trust Low Duration Opportunities ETF by 2.9% in the third quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after buying an additional 419 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.2 %

NASDAQ:LMBS opened at $49.05 on Thursday. 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 company has a 50 day moving average price of $48.73 and a 200 day moving average price of $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%.

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.