Oppenheimer & Co. Inc. Has $2.82 Million Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Oppenheimer & Co. Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 51.0% in the 4th quarter, HoldingsChannel reports. The fund owned 57,915 shares of the company’s stock after purchasing an additional 19,560 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $2,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC lifted its position in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 7.0% during the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock worth $37,209,000 after purchasing an additional 48,939 shares during the period. Prospera Financial Services Inc increased its holdings in shares of First Trust Low Duration Opportunities ETF by 32.3% during the third quarter. Prospera Financial Services Inc now owns 456,916 shares of the company’s stock worth $22,586,000 after purchasing an additional 111,451 shares during the period. Private Advisor Group LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 94.9% during the fourth quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock worth $22,100,000 after purchasing an additional 221,157 shares during the period. Finally, Financial Enhancement Group LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 87.4% during the third quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after purchasing an additional 206,322 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of LMBS opened at $49.14 on Monday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The firm’s 50 day moving average is $48.69 and its 200-day moving average is $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

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.