IFP Advisors Inc Grows Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

IFP Advisors Inc increased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,471 shares of the company’s stock after purchasing an additional 25,076 shares during the quarter. IFP Advisors Inc owned approximately 0.16% of First Trust Low Duration Opportunities ETF worth $7,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beacon Financial Advisory LLC increased its position in First Trust Low Duration Opportunities ETF by 12.2% during the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after buying an additional 754 shares in the last quarter. Claro Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after buying an additional 249 shares in the last quarter. TFB Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 13.8% during the 3rd quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after buying an additional 1,613 shares in the last quarter. HighTower Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock valued at $17,273,000 after buying an additional 6,854 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. DAVENPORT & Co LLC now owns 52,433 shares of the company’s stock valued at $2,552,000 after buying an additional 1,427 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.2 %

LMBS stock opened at $48.84 on Monday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The business has a 50 day moving average of $48.65 and a 200 day moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Friday, February 21st.

First Trust Low Duration Opportunities ETF 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.