Avantax Advisory Services Inc. Boosts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Avantax Advisory Services Inc. raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 304,353 shares of the company’s stock after purchasing an additional 52,505 shares during the period. Avantax Advisory Services Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $14,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at $47,000. Prospera Private Wealth LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at $79,000. Riggs Asset Managment Co. Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 16.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after buying an additional 250 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at $116,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at $127,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of NASDAQ LMBS opened at $49.05 on Thursday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The stock has a fifty day simple moving average of $48.77 and a 200-day simple moving average of $48.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.17 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%.

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.