First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) is PFS Partners LLC’s 6th Largest Position

PFS Partners LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 22.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 212,642 shares of the company’s stock after acquiring an additional 39,035 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 5.5% of PFS Partners LLC’s investment portfolio, making the stock its 6th largest holding. PFS Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $10,349,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LMBS. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Raymond James & Associates grew its position in First Trust Low Duration Opportunities ETF by 6.0% during the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after purchasing an additional 45,961 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 7.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock valued at $37,209,000 after purchasing an additional 48,939 shares in the last quarter. Trilogy Capital Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.0% in the third quarter. Trilogy Capital Inc. now owns 488,969 shares of the company’s stock worth $24,160,000 after buying an additional 23,129 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of First Trust Low Duration Opportunities ETF by 0.3% during the third quarter. Brookstone Capital Management now owns 472,500 shares of the company’s stock worth $23,346,000 after buying an additional 1,364 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.71 on Tuesday. The company’s fifty day moving average price is $48.70 and its 200-day moving average price is $48.89. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.19%.

First Trust Low Duration Opportunities ETF Company 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.