HighTower Advisors LLC Increases Holdings in First Trust Low Duration Opportunities ETF $LMBS

HighTower Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 95.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,454,146 shares of the company’s stock after buying an additional 709,693 shares during the quarter. HighTower Advisors LLC owned about 1.25% of First Trust Low Duration Opportunities ETF worth $72,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. TrueWealth Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 3.7% in the 4th quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock valued at $290,000 after purchasing an additional 209 shares during the last quarter. Condor Capital Management boosted its holdings in First Trust Low Duration Opportunities ETF by 0.4% in the 3rd quarter. Condor Capital Management now owns 50,896 shares of the company’s stock valued at $2,534,000 after purchasing an additional 228 shares during the last quarter. Lion Street Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 5.7% in the 3rd quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock valued at $222,000 after purchasing an additional 236 shares during the last quarter. Valley Financial Group Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 1.9% in the 3rd quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after purchasing an additional 246 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 5.5% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,870 shares of the company’s stock worth $292,000 after purchasing an additional 307 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.72 on Thursday. The business has a 50-day moving average price of $49.94 and a 200 day moving average price of $50.05. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 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.