Narwhal Capital Management Buys 1,297 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Narwhal Capital Management raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,879 shares of the company’s stock after buying an additional 1,297 shares during the period. Narwhal Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LMBS. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter worth $30,000. Riggs Asset Managment Co. Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth about $76,000. Prospera Private Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $79,000. Harbor Investment Advisory LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 20.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after purchasing an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $48.54 on Monday. The business has a 50 day moving average of $48.70 and a 200 day moving average of $48.89. 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 firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%.

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.