Geneos Wealth Management Inc. Takes Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Geneos Wealth Management Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 125,553 shares of the company’s stock, valued at approximately $6,111,000. Geneos Wealth Management Inc. owned approximately 0.13% of First Trust Low Duration Opportunities ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMBS. Beacon Financial Advisory LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock worth $343,000 after buying an additional 754 shares during the period. Claro Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after purchasing an additional 249 shares during the last quarter. TFB Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF by 13.8% during the third quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after purchasing an additional 1,613 shares in the last quarter. TL Private Wealth grew its stake in First Trust Low Duration Opportunities ETF by 0.9% in the third quarter. TL Private Wealth now owns 305,513 shares of the company’s stock valued at $14,943,000 after purchasing an additional 2,686 shares during the last quarter. Finally, Braun Bostich & Associates Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 10.8% in the third quarter. Braun Bostich & Associates Inc. now owns 80,476 shares of the company’s stock worth $3,976,000 after purchasing an additional 7,824 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.54 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The firm has a 50-day simple moving average of $48.70 and a two-hundred day simple moving average of $48.88.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.