Ferguson Shapiro LLC Makes New $4.27 Million Investment in First Trust Low Duration Opportunities ETF $LMBS

Ferguson Shapiro LLC bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 85,396 shares of the company’s stock, valued at approximately $4,269,000. First Trust Low Duration Opportunities ETF makes up approximately 1.3% of Ferguson Shapiro LLC’s holdings, making the stock its 17th biggest position.

Several other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 6.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after buying an additional 214,907 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% in the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after purchasing an additional 246,797 shares during the period. First Trust Advisors LP raised its holdings in shares of First Trust Low Duration Opportunities ETF by 11.7% in the 3rd quarter. First Trust Advisors LP now owns 1,232,615 shares of the company’s stock worth $61,372,000 after purchasing an additional 129,380 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,024,084 shares of the company’s stock worth $50,989,000 after purchasing an additional 78,316 shares during the period. Finally, Berger Financial Group Inc raised its holdings in shares of First Trust Low Duration Opportunities ETF by 2.1% in the 3rd quarter. Berger Financial Group Inc now owns 1,011,741 shares of the company’s stock worth $50,375,000 after purchasing an additional 20,541 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

NASDAQ:LMBS opened at $50.08 on Friday. The firm’s 50 day moving average is $50.11 and its 200 day moving average is $50.05. First Trust Low Duration Opportunities ETF has a 12 month low of $48.45 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.