Plus Group Wealth Advisors LLC Buys Shares of 43,119 First Trust Low Duration Opportunities ETF $LMBS

Plus Group Wealth Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 43,119 shares of the company’s stock, valued at approximately $2,156,000. First Trust Low Duration Opportunities ETF comprises approximately 2.4% of Plus Group Wealth Advisors LLC’s holdings, making the stock its 13th biggest holding.

A number of other large investors also recently bought and sold shares of the stock. Stephens Inc. AR lifted its position in First Trust Low Duration Opportunities ETF by 2.7% in the fourth quarter. Stephens Inc. AR now owns 358,591 shares of the company’s stock valued at $17,926,000 after buying an additional 9,555 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in First Trust Low Duration Opportunities ETF by 145.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 102,307 shares of the company’s stock valued at $5,117,000 after buying an additional 60,559 shares during the last quarter. Western Wealth Management LLC lifted its stake in First Trust Low Duration Opportunities ETF by 133.2% during the fourth quarter. Western Wealth Management LLC now owns 10,193 shares of the company’s stock worth $510,000 after purchasing an additional 5,822 shares in the last quarter. TrueWealth Financial Partners acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $1,489,000. Finally, Summit Wealth Group LLC Co. acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $539,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $49.75 on Friday. The stock’s fifty day moving average is $49.97 and its two-hundred day moving average is $50.05. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, April 21st.

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.