Clearwater Capital Advisors LLC Acquires 45,664 Shares of First Trust Low Duration Opportunities ETF $LMBS

Clearwater Capital Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 852,617 shares of the company’s stock after buying an additional 45,664 shares during the period. First Trust Low Duration Opportunities ETF makes up about 3.6% of Clearwater Capital Advisors LLC’s portfolio, making the stock its 8th largest position. Clearwater Capital Advisors LLC owned approximately 0.73% of First Trust Low Duration Opportunities ETF worth $42,622,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after buying an additional 214,907 shares during the last quarter. Bank of America Corp DE raised its holdings in First Trust Low Duration Opportunities ETF by 15.1% during the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after buying an additional 246,797 shares during the last quarter. HighTower Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 95.3% during the fourth quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after buying an additional 709,693 shares during the last quarter. First Trust Advisors LP raised its holdings in First Trust Low Duration Opportunities ETF by 11.7% during the third quarter. First Trust Advisors LP now owns 1,232,615 shares of the company’s stock worth $61,372,000 after buying an additional 129,380 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 46.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock worth $60,379,000 after buying an additional 382,941 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.66 on Monday. The company’s fifty day moving average price is $49.92 and its two-hundred day moving average price is $50.04. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

First Trust Low Duration Opportunities ETF Company 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.