Silver Oak Securities Incorporated Buys 13,330 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Silver Oak Securities Incorporated lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 79,161 shares of the company’s stock after acquiring an additional 13,330 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust Low Duration Opportunities ETF were worth $3,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its stake in First Trust Low Duration Opportunities ETF by 26.2% during the third quarter. CWM LLC now owns 3,979 shares of the company’s stock worth $188,000 after buying an additional 826 shares during the last quarter. Atlas Private Wealth Management raised its position in shares of First Trust Low Duration Opportunities ETF by 2.0% in the 3rd quarter. Atlas Private Wealth Management now owns 156,809 shares of the company’s stock worth $7,408,000 after acquiring an additional 3,147 shares in the last quarter. Moneywise Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 3.1% during the 3rd quarter. Moneywise Inc. now owns 26,718 shares of the company’s stock valued at $1,262,000 after purchasing an additional 811 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in First Trust Low Duration Opportunities ETF by 0.9% during the third quarter. Stratos Wealth Advisors LLC now owns 232,306 shares of the company’s stock worth $10,974,000 after purchasing an additional 2,098 shares during the period. Finally, W.H. Cornerstone Investments Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth approximately $224,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded up $0.02 during trading on Friday, hitting $47.60. The company’s stock had a trading volume of 350,107 shares, compared to its average volume of 515,691. First Trust Low Duration Opportunities ETF has a twelve month low of $46.58 and a twelve month high of $48.55. The stock’s fifty day moving average price is $48.03 and its 200-day moving average price is $47.86.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be given a dividend of $0.175 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.41%.

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.