James J. Burns & Company LLC Buys 1,733 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

James J. Burns & Company LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,025 shares of the company’s stock after buying an additional 1,733 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 0.8% of James J. Burns & Company LLC’s portfolio, making the stock its 25th largest position. James J. Burns & Company LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $4,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. purchased a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $76,000. Prospera Private Wealth LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $79,000. Harbor Investment Advisory LLC raised its stake in First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in 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 worth $159,000 after buying an additional 611 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $203,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $48.71 on Tuesday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The stock’s 50-day moving average price is $48.70 and its 200-day moving average price is $48.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date was Wednesday, January 22nd.

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.