Fairway Financial LLC Purchases New Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Fairway Financial LLC purchased a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 130,844 shares of the company’s stock, valued at approximately $6,368,000. First Trust Low Duration Opportunities ETF makes up 5.8% of Fairway Financial LLC’s investment portfolio, making the stock its 8th largest holding. Fairway Financial LLC owned about 0.14% of First Trust Low Duration Opportunities ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of LMBS. Private Advisor Group LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 7.5% in the 3rd quarter. Private Advisor Group LLC now owns 232,921 shares of the company’s stock valued at $11,509,000 after purchasing an additional 16,213 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $1,325,000. Commonwealth Financial Services LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 1,936.5% in the 3rd quarter. Commonwealth Financial Services LLC now owns 133,858 shares of the company’s stock valued at $6,622,000 after purchasing an additional 127,285 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in shares of First Trust Low Duration Opportunities ETF by 30.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 94,410 shares of the company’s stock valued at $4,663,000 after purchasing an additional 22,226 shares in the last quarter. Finally, Team Financial Group LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $209,000.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

NASDAQ:LMBS opened at $48.94 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The stock has a 50 day moving average of $48.65 and a two-hundred day moving average of $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.17%.

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.