HighTower Advisors LLC Grows Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

HighTower Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 366,120 shares of the company’s stock after buying an additional 16,645 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $17,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LMBS. Raymond James Financial Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $149,264,000. LPL Financial LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after buying an additional 929,010 shares during the last quarter. Fairvoy Private Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $11,777,000. Atria Investments Inc grew its holdings in shares of First Trust Low Duration Opportunities ETF by 801.6% during the fourth quarter. Atria Investments Inc now owns 270,059 shares of the company’s stock worth $13,144,000 after buying an additional 240,106 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 94.9% during the fourth quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock worth $22,100,000 after buying an additional 221,157 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of LMBS opened at $49.08 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The stock’s 50 day moving average is $48.79 and its two-hundred day moving average is $48.91.

First Trust Low Duration Opportunities ETF Announces Dividend

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

First Trust Low Duration Opportunities ETF Company 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.