Hilltop Holdings Inc. Buys New Shares in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Hilltop Holdings Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 16,841 shares of the company’s stock, valued at approximately $832,000.

Several other large investors have also recently bought and sold shares of LMBS. GAMMA Investing LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $62,000. CWM LLC raised its stake in First Trust Low Duration Opportunities ETF by 108.1% during the 2nd quarter. CWM LLC now owns 46,902 shares of the company’s stock valued at $2,254,000 after purchasing an additional 24,367 shares during the last quarter. Simplicity Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $440,000. City Holding Co. raised its stake in shares of First Trust Low Duration Opportunities ETF by 0.7% in the 2nd quarter. City Holding Co. now owns 40,370 shares of the company’s stock valued at $1,939,000 after buying an additional 300 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 1.1% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 275,894 shares of the company’s stock valued at $13,257,000 after buying an additional 3,083 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.04 on Thursday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The firm has a fifty day moving average of $48.91 and a 200-day moving average of $48.75.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Thursday, November 21st.

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.