Wealthspire Advisors LLC Makes New $420,000 Investment in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wealthspire Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,628 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $47,000. Prospera Private Wealth LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth $79,000. Riggs Asset Managment Co. Inc. increased its stake in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $127,000. Finally, Marshall Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $131,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of NASDAQ LMBS opened at $49.02 on Thursday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The stock has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%.

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.