Independent Advisor Alliance Has $17.79 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Independent Advisor Alliance grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 150.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,461 shares of the company’s stock after acquiring an additional 219,767 shares during the period. Independent Advisor Alliance owned 0.38% of First Trust Low Duration Opportunities ETF worth $17,787,000 as of its most recent SEC filing.

Other large 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 4th quarter worth about $47,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $79,000. Riggs Asset Managment Co. Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 16.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after buying an additional 250 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $116,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $127,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.06 on Monday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The stock has a 50-day moving average of $48.75 and a 200-day moving average 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 paid a dividend of $0.17 per share. The ex-dividend date was Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%.

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.