U.S. Capital Wealth Advisors LLC Grows Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

U.S. Capital Wealth Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 815.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,666 shares of the company’s stock after acquiring an additional 45,129 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of LMBS. Sanctuary Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $2,431,000. EWG Elevate Inc. increased its stake in First Trust Low Duration Opportunities ETF by 64.4% during the 3rd quarter. EWG Elevate Inc. now owns 358,401 shares of the company’s stock worth $17,709,000 after buying an additional 140,356 shares in the last quarter. Atwood & Palmer Inc. increased its stake in First Trust Low Duration Opportunities ETF by 8.4% during the 3rd quarter. Atwood & Palmer Inc. now owns 228,455 shares of the company’s stock worth $11,288,000 after buying an additional 17,740 shares in the last quarter. Brookstone Capital Management increased its stake in First Trust Low Duration Opportunities ETF by 0.3% during the 3rd quarter. Brookstone Capital Management now owns 472,500 shares of the company’s stock worth $23,346,000 after buying an additional 1,364 shares in the last quarter. Finally, CWM LLC increased its stake in First Trust Low Duration Opportunities ETF by 132.5% during the 3rd quarter. CWM LLC now owns 109,044 shares of the company’s stock worth $5,388,000 after buying an additional 62,142 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.71 on Tuesday. The stock’s 50 day simple moving average is $48.70 and its 200-day simple moving average is $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 Announces Dividend

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