Marino Stram & Associates LLC Buys 15,992 Shares of First Trust Low Duration Opportunities ETF $LMBS

Marino Stram & Associates LLC grew its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 91.7% in the third quarter, HoldingsChannel reports. The firm owned 33,437 shares of the company’s stock after buying an additional 15,992 shares during the quarter. Marino Stram & Associates LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,665,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CX Institutional bought a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $29,000. Creekmur Asset Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 497.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $31,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $46,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $50.09 on Tuesday. The company’s fifty day moving average is $50.04 and its 200 day moving average is $49.82. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 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 will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, January 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.