Patten Group Inc. Has $1.77 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Patten Group Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,324 shares of the company’s stock after acquiring an additional 7,641 shares during the quarter. Patten Group Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,768,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LMBS. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at $47,000. Prospera Private Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $79,000. Riggs Asset Managment Co. Inc. lifted its position in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $127,000. Finally, Marshall Investment Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $131,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.14 on Tuesday. The stock has a 50 day simple moving average of $48.70 and a 200 day simple moving average of $48.90. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors 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 4.15%.

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.