Triumph Capital Management Raises Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Triumph Capital Management raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 156.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 106,550 shares of the company’s stock after purchasing an additional 65,024 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 1.8% of Triumph Capital Management’s portfolio, making the stock its 11th biggest holding. Triumph Capital Management owned approximately 0.11% of First Trust Low Duration Opportunities ETF worth $5,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $149,264,000. LPL Financial LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% during the 4th quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock worth $451,139,000 after acquiring an additional 708,645 shares during the period. Fairvoy Private Wealth LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $11,777,000. Atria Investments Inc boosted its position in shares of First Trust Low Duration Opportunities ETF by 801.6% during the 4th quarter. Atria Investments Inc now owns 270,059 shares of the company’s stock valued at $13,144,000 after acquiring an additional 240,106 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1,068.0% in the fourth quarter. Mariner LLC now owns 247,528 shares of the company’s stock valued at $12,047,000 after purchasing an additional 226,335 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of LMBS stock opened at $49.08 on Wednesday. The firm’s 50-day moving average is $49.00 and its two-hundred day moving average is $48.83. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Tuesday, April 22nd.

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.