Clear Point Advisors Inc. Takes $967,000 Position in First Trust Low Duration Opportunities ETF $LMBS

Clear Point Advisors Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,347 shares of the company’s stock, valued at approximately $967,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $69,000. Pinnacle Bancorp Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock worth $187,000 after buying an additional 450 shares in the last quarter. Finally, Commonwealth Financial Services LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $202,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.83 on Monday. The stock has a fifty day simple moving average of $49.88 and a 200 day simple moving average of $50.04. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. 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, 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.