Condor Capital Management Grows Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Condor Capital Management boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,012 shares of the company’s stock after buying an additional 11,995 shares during the period. First Trust Low Duration Opportunities ETF makes up about 1.4% of Condor Capital Management’s investment portfolio, making the stock its 21st largest holding. Condor Capital Management owned 0.34% of First Trust Low Duration Opportunities ETF worth $15,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Claro Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after purchasing an additional 249 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings 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 worth $87,000 after purchasing an additional 250 shares during the last quarter. Pinnacle Family Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 4.3% in the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after purchasing an additional 391 shares during the last quarter. Proactive Wealth Strategies LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 10.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 4,551 shares of the company’s stock worth $222,000 after purchasing an additional 444 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF by 20.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

LMBS opened at $49.21 on Thursday. The stock’s 50 day moving average price is $48.83 and its 200-day moving average price is $48.91. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%.

About First Trust Low Duration Opportunities ETF

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.