Avaii Wealth Management LLC Increases Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Avaii Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 98.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,379 shares of the company’s stock after buying an additional 5,659 shares during the quarter. Avaii Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC grew its position in First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after acquiring an additional 929,010 shares during the last quarter. Long Run Wealth Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at $10,901,000. Financial Enhancement Group LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 87.4% in the third quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after purchasing an additional 206,322 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 449.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock worth $12,056,000 after buying an additional 199,575 shares during the period. Finally, First International Bank & Trust bought a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $9,657,000.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $48.54 on Friday. The firm has a 50-day moving average of $48.70 and a two-hundred day moving average of $48.88. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.20%.

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.