Harbour Investments Inc. Increases Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Harbour Investments Inc. grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 331,522 shares of the company’s stock after purchasing an additional 13,475 shares during the period. Harbour Investments Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $16,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after purchasing an additional 929,010 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $149,264,000. Commonwealth Equity Services LLC grew its position in First Trust Low Duration Opportunities ETF by 31.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 822,928 shares of the company’s stock valued at $40,052,000 after buying an additional 194,923 shares during the period. Prospera Financial Services Inc increased its holdings in 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 buying an additional 111,451 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in 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 buying an additional 221,157 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.08 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The company has a 50-day simple moving average of $48.79 and a 200 day simple moving average of $48.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.17 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.16%.

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.