First Trust Low Duration Opportunities ETF $LMBS Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 95.3% during the fourth quarter, Holdings Channel reports. 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’s holdings in First Trust Low Duration Opportunities ETF were worth $72,693,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 3.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 555,539 shares of the company’s stock worth $27,771,000 after buying an additional 19,289 shares during the period. Plus Group Wealth Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $2,156,000. Stephens Inc. AR increased its stake in shares of First Trust Low Duration Opportunities ETF by 2.7% during the fourth quarter. Stephens Inc. AR now owns 358,591 shares of the company’s stock worth $17,926,000 after buying an additional 9,555 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of First Trust Low Duration Opportunities ETF by 145.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 102,307 shares of the company’s stock worth $5,117,000 after buying an additional 60,559 shares during the period. Finally, Western Wealth Management LLC increased its stake in shares of 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 buying an additional 5,822 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.72 on Thursday. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98. The stock’s fifty day moving average is $49.94 and its two-hundred day moving average is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

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) dividend on an annualized basis and a 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.