Laidlaw Wealth Management LLC Purchases 12,586 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Laidlaw Wealth Management LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 36.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 47,421 shares of the company’s stock after buying an additional 12,586 shares during the period. First Trust Low Duration Opportunities ETF comprises about 1.0% of Laidlaw Wealth Management LLC’s portfolio, making the stock its 26th biggest holding. Laidlaw Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Financial Advisory LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after acquiring an additional 754 shares during the period. Claro Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after buying an additional 249 shares during the period. TFB Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 13.8% during the 3rd quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock worth $657,000 after buying an additional 1,613 shares during the period. HighTower Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock worth $17,273,000 after buying an additional 6,854 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. DAVENPORT & Co LLC now owns 52,433 shares of the company’s stock worth $2,552,000 after buying an additional 1,427 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of LMBS stock opened at $48.83 on Wednesday. The company has a 50-day simple moving average of $48.66 and a 200 day simple moving average of $48.90. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, January 22nd.

First Trust Low Duration Opportunities ETF Company 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.