Harbour Investments Inc. Purchases 45,303 Shares of First Trust Low Duration Opportunities ETF $LMBS

Harbour Investments Inc. grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 528,903 shares of the company’s stock after purchasing an additional 45,303 shares during the period. Harbour Investments Inc. owned approximately 0.45% of First Trust Low Duration Opportunities ETF worth $26,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth about $26,000. Hazlett Burt & Watson Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $69,000. Pinnacle Bancorp Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock worth $187,000 after acquiring an additional 450 shares in the last quarter. Finally, Commonwealth Financial Services LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $202,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.66 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98. The business’s 50-day simple moving average is $49.91 and its 200 day simple moving average is $50.04.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, May 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.