SMART Wealth LLC Makes New Investment in First Trust Low Duration Opportunities ETF $LMBS

SMART Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,272 shares of the company’s stock, valued at approximately $810,000.

A number of other institutional investors also recently modified their holdings of LMBS. MRA Advisory Group raised its stake in First Trust Low Duration Opportunities ETF by 12.3% during the third quarter. MRA Advisory Group now owns 223,918 shares of the company’s stock worth $11,149,000 after buying an additional 24,454 shares during the last quarter. Calton & Associates Inc. boosted its position in First Trust Low Duration Opportunities ETF by 109.6% during the third quarter. Calton & Associates Inc. now owns 15,938 shares of the company’s stock valued at $794,000 after acquiring an additional 8,334 shares during the last quarter. HighTower Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 744,453 shares of the company’s stock worth $37,066,000 after acquiring an additional 47,060 shares during the period. Capital CS Group LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 14.9% in the 3rd quarter. Capital CS Group LLC now owns 10,389 shares of the company’s stock worth $517,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Entruity Wealth LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 5.5% in the 3rd quarter. Entruity Wealth LLC now owns 133,733 shares of the company’s stock worth $6,659,000 after acquiring an additional 7,011 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $50.43 on Monday. The stock’s 50-day moving average is $50.09 and its 200 day moving average is $49.92. First Trust Low Duration Opportunities ETF has a one year low of $48.37 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, January 21st.

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.