Simplicity Wealth LLC Invests $555,000 in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Simplicity Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,289 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sovran Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $295,000. TFB Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 17.1% during the 4th quarter. TFB Advisors LLC now owns 15,577 shares of the company’s stock valued at $758,000 after acquiring an additional 2,270 shares during the period. Gladstone Institutional Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 19.9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,362 shares of the company’s stock valued at $796,000 after acquiring an additional 2,710 shares during the period. Center for Financial Planning Inc. purchased a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $3,759,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in First Trust Low Duration Opportunities ETF by 4.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 30,818 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,350 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.2%

LMBS opened at $49.02 on Thursday. The business has a 50 day simple moving average of $48.87 and a two-hundred day simple moving average of $48.85. 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 company also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were given a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Wednesday, May 21st.

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.