Rubicon Advisors GP Takes Position in First Trust Low Duration Opportunities ETF $LMBS

Rubicon Advisors GP bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,294 shares of the company’s stock, valued at approximately $715,000. First Trust Low Duration Opportunities ETF accounts for approximately 0.7% of Rubicon Advisors GP’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Center For Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $1,555,000. Secure Asset Management LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 4.9% in the fourth quarter. Secure Asset Management LLC now owns 252,620 shares of the company’s stock valued at $12,628,000 after purchasing an additional 11,896 shares during the period. Embree Financial Group purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $861,000. Aaron Wealth Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 30.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 458,338 shares of the company’s stock worth $22,912,000 after purchasing an additional 108,212 shares in the last quarter. Finally, Prism Advisors Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 10.4% during the 4th quarter. Prism Advisors Inc. now owns 305,394 shares of the company’s stock worth $15,267,000 after purchasing an additional 28,886 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.85 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The firm’s 50-day moving average price is $49.87 and its 200 day moving average price is $50.01.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 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.