First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Position Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 17,938 shares of the company’s stock after purchasing an additional 529 shares during the period. J.W. Cole Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $47,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $76,000. Prospera Private Wealth LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $79,000. Harbor Investment Advisory LLC raised its position 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 period. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at $203,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.83 on Wednesday. The business’s 50-day moving average price is $48.66 and its 200 day moving average price is $48.90. 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 declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.