Adamsbrown Wealth Consultants LLC Raises Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Adamsbrown Wealth Consultants LLC raised its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 75.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 196,199 shares of the company’s stock after acquiring an additional 84,306 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 2.7% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 12th largest position. Adamsbrown Wealth Consultants LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $9,769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CX Institutional purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $28,000. Financial Network Wealth Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $29,000. Creekmur Asset Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 497.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after acquiring an additional 527 shares in the last quarter. Hollencrest Capital Management acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $46,000.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $50.09 on Wednesday. First Trust Low Duration Opportunities ETF has a 12 month low of $48.37 and a 12 month high of $51.98. The business’s 50 day simple moving average is $50.04 and its 200 day simple moving average is $49.82.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, January 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.