Kingswood Wealth Advisors LLC Buys Shares of 13,516 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,516 shares of the company’s stock, valued at approximately $658,000.

Several other institutional investors have also made changes to their positions in LMBS. LPL Financial LLC increased its position in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after buying an additional 929,010 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Low Duration Opportunities ETF by 17.5% during the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after acquiring an additional 140,132 shares during the last quarter. Raymond James & Associates raised its stake in shares of First Trust Low Duration Opportunities ETF by 6.0% in the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after acquiring an additional 45,961 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 7.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock worth $37,209,000 after purchasing an additional 48,939 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its position in First Trust Low Duration Opportunities ETF by 5.0% during the third quarter. Trilogy Capital Inc. now owns 488,969 shares of the company’s stock worth $24,160,000 after purchasing an additional 23,129 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of LMBS stock opened at $48.71 on Thursday. The business’s 50 day moving average is $48.70 and its two-hundred day 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 will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.19%.

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.