Destiny Wealth Partners LLC Buys 2,885 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Destiny Wealth Partners LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,554 shares of the company’s stock after purchasing an additional 2,885 shares during the quarter. Destiny Wealth Partners LLC owned about 0.05% of First Trust Low Duration Opportunities ETF worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Riggs Asset Managment Co. Inc. purchased a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $76,000. Prospera Private Wealth LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at about $79,000. Harbor Investment Advisory LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 20.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after acquiring an additional 459 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 23.4% in 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. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $203,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.74 on Friday. The firm’s 50 day simple moving average is $48.70 and its two-hundred day simple moving average is $48.89. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.