LPL Financial LLC Raises Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

LPL Financial LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,269,354 shares of the company’s stock after acquiring an additional 708,645 shares during the quarter. LPL Financial LLC owned approximately 0.10% of First Trust Low Duration Opportunities ETF worth $451,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Condor Capital Management grew its holdings in shares of First Trust Low Duration Opportunities ETF by 3.8% during the fourth quarter. Condor Capital Management now owns 325,012 shares of the company’s stock worth $15,818,000 after buying an additional 11,995 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 7.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 21,759 shares of the company’s stock worth $1,059,000 after buying an additional 1,534 shares in the last quarter. Clearwater Capital Advisors LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 10.5% during the fourth quarter. Clearwater Capital Advisors LLC now owns 723,979 shares of the company’s stock worth $35,236,000 after buying an additional 68,712 shares in the last quarter. Arbor Capital Management Inc. ADV grew its holdings in shares of First Trust Low Duration Opportunities ETF by 32.5% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,162 shares of the company’s stock worth $397,000 after buying an additional 2,003 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of First Trust Low Duration Opportunities ETF by 10.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 11,393 shares of the company’s stock worth $555,000 after buying an additional 1,109 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0 %

First Trust Low Duration Opportunities ETF stock opened at $49.21 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The company has a fifty day simple moving average of $48.86 and a 200-day simple moving average of $48.91.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%. 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.