Center For Asset Management LLC Invests $1.56 Million in First Trust Low Duration Opportunities ETF $LMBS

Center For Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,106 shares of the company’s stock, valued at approximately $1,555,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $26,000. CX Institutional acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $29,000. Hollencrest Capital Management acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of NASDAQ:LMBS opened at $49.86 on Wednesday. The firm’s 50 day moving average price is $50.13 and its 200 day moving average price is $50.04. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 4.1%.

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.