Triad Wealth Partners LLC Buys New Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Triad Wealth Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 918 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $27,000. Hilltop National Bank purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth approximately $42,000. GAMMA Investing LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $62,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $64,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS traded down $0.02 during trading hours on Friday, hitting $49.01. 517,102 shares of the stock traded hands, compared to its average volume of 465,048. The firm has a 50 day moving average price of $48.53 and a 200 day moving average price of $48.21. First Trust Low Duration Opportunities ETF has a fifty-two week low of $46.58 and a fifty-two week high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, July 23rd.

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.