Iams Wealth Management LLC Boosts Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Iams Wealth Management LLC boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,943 shares of the company’s stock after purchasing an additional 5,005 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 1.3% of Iams Wealth Management LLC’s holdings, making the stock its 18th largest position. Iams Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,771,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. purchased a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at $76,000. Prospera Private Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $79,000. Harbor Investment Advisory LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 20.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after purchasing an additional 459 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after purchasing an additional 611 shares during the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $203,000.

First Trust Low Duration Opportunities ETF Stock Up 0.3 %

Shares of LMBS stock opened at $48.72 on Wednesday. The stock’s 50-day moving average is $48.70 and its two-hundred day moving average is $48.89. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, January 22nd.

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.