First Trust Low Duration Opportunities ETF $LMBS Stock Position Lifted by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 744,453 shares of the company’s stock after acquiring an additional 47,060 shares during the quarter. HighTower Advisors LLC owned 0.67% of First Trust Low Duration Opportunities ETF worth $37,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avestar Capital LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 1.2% in the second quarter. Avestar Capital LLC now owns 18,040 shares of the company’s stock worth $889,000 after purchasing an additional 208 shares during the period. Iams Wealth Management LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.6% in the 3rd quarter. Iams Wealth Management LLC now owns 37,073 shares of the company’s stock worth $1,846,000 after buying an additional 212 shares during the last quarter. TrueWealth Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 5.4% in the 3rd quarter. TrueWealth Advisors LLC now owns 5,588 shares of the company’s stock valued at $278,000 after buying an additional 286 shares during the period. VestGen Advisors LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 0.5% during the 2nd quarter. VestGen Advisors LLC now owns 60,981 shares of the company’s stock valued at $3,004,000 after buying an additional 287 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in First Trust Low Duration Opportunities ETF by 1.1% during the second quarter. Chicago Partners Investment Group LLC now owns 29,114 shares of the company’s stock worth $1,431,000 after acquiring an additional 310 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $50.42 on Wednesday. The business has a 50 day moving average of $50.11 and a two-hundred day moving average of $49.93. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

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