Claris Financial LLC Invests $3.47 Million in First Trust Low Duration Opportunities ETF $LMBS

Claris Financial LLC bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 69,419 shares of the company’s stock, valued at approximately $3,470,000. First Trust Low Duration Opportunities ETF makes up approximately 1.8% of Claris Financial LLC’s investment portfolio, making the stock its 10th biggest position. Claris Financial LLC owned approximately 0.06% of First Trust Low Duration Opportunities ETF at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth about $26,000. Bank of Montreal Can raised its stake in shares of First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after acquiring an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares during the last quarter. Motiv8 Investments LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $56,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $69,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0%

LMBS stock opened at $49.85 on Friday. The business has a fifty day moving average price of $49.88 and a 200 day moving average price of $50.01. 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 firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders 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 dividend 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.