Smart Portfolios LLC Makes New Investment in First Trust Low Duration Opportunities ETF $LMBS

Smart Portfolios LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,068 shares of the company’s stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LMBS. 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 worth $290,000 after acquiring an additional 209 shares during the period. Condor Capital Management lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.4% during the third quarter. Condor Capital Management now owns 50,896 shares of the company’s stock worth $2,534,000 after purchasing an additional 228 shares in the last quarter. Lion Street Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 5.7% in the third 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 period. Valley Financial Group Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 1.9% during 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 in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in 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 buying an additional 307 shares during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.2%

Shares of LMBS stock opened at $49.87 on Thursday. The company’s fifty day moving average price is $50.06 and its two-hundred day moving average price is $50.06. First Trust Low Duration Opportunities ETF has a 12 month low of $48.45 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be issued a $0.17 dividend. The ex-dividend date of this dividend is 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.