Arax Advisory Partners Invests $3.38 Million in First Trust Low Duration Opportunities ETF $LMBS

Arax Advisory Partners acquired a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 67,643 shares of the company’s stock, valued at approximately $3,381,000.

Several other institutional investors also recently modified their holdings of the company. TrueWealth Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 3.7% during the 4th quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock worth $290,000 after purchasing an additional 209 shares during the last quarter. Condor Capital Management increased its stake in shares of First Trust Low Duration Opportunities ETF by 0.4% during the 3rd quarter. Condor Capital Management now owns 50,896 shares of the company’s stock worth $2,534,000 after purchasing an additional 228 shares during the last quarter. Lion Street Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 5.7% during the 3rd quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock worth $222,000 after purchasing an additional 236 shares during the last quarter. Valley Financial Group Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 1.9% during the 3rd quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock worth $663,000 after purchasing an additional 246 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.84 on Monday. The company’s 50-day moving average is $49.88 and its 200-day moving average is $50.02. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.