M Holdings Securities Inc. Invests $312,000 in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

M Holdings Securities Inc. purchased a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,585 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $31,000. Ronald Blue Trust Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $36,000. Bivin & Associates Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $66,000. Ameritas Investment Partners Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 1st quarter worth $97,000. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 52.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,814 shares of the company’s stock worth $133,000 after buying an additional 964 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $48.09 on Thursday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $46.62 and a fifty-two week high of $49.24. The firm has a 50-day moving average of $47.87 and a 200 day moving average of $47.61.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Thursday, February 23rd were paid a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Wednesday, February 22nd.

First Trust Low Duration Opportunities ETF Profile

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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.