Gladstone Institutional Advisory LLC Increases Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Gladstone Institutional Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,334 shares of the company’s stock after purchasing an additional 1,841 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $789,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Independent Advisor Alliance grew its stake in First Trust Low Duration Opportunities ETF by 1.1% in the 4th quarter. Independent Advisor Alliance now owns 113,962 shares of the company’s stock valued at $5,507,000 after acquiring an additional 1,217 shares during the last quarter. Financial Advocates Investment Management grew its stake in First Trust Low Duration Opportunities ETF by 39.9% in the 4th quarter. Financial Advocates Investment Management now owns 146,844 shares of the company’s stock valued at $7,100,000 after acquiring an additional 41,860 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 38.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 202,096 shares of the company’s stock valued at $9,765,000 after acquiring an additional 55,880 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $2,122,000. Finally, Core Wealth Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $240,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $48.03 on Wednesday. First Trust Low Duration Opportunities ETF has a 52 week low of $46.58 and a 52 week high of $48.55. The company’s 50-day moving average price is $47.97 and its 200 day moving average price is $47.99.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.175 per share. The ex-dividend date is Tuesday, May 21st. This represents a $2.10 annualized dividend and a dividend yield of 4.37%.

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.