NewEdge Wealth LLC Has $2.35 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

NewEdge Wealth LLC decreased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,221 shares of the company’s stock after selling 4,380 shares during the period. NewEdge Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,347,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $47,000. Prospera Private Wealth LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at $79,000. Riggs Asset Managment Co. Inc. boosted its position in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after purchasing an additional 250 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $127,000. Finally, Marshall Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $131,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS opened at $49.14 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock has a fifty day moving average price of $48.69 and a 200 day moving average price of $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.17 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%.

First Trust Low Duration Opportunities ETF Company 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.