Harbour Investments Inc. Has $16.14 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Harbour Investments Inc. grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 331,522 shares of the company’s stock after buying an additional 13,475 shares during the quarter. Harbour Investments Inc. owned 0.34% of First Trust Low Duration Opportunities ETF worth $16,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently 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 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $149,264,000. Commonwealth Equity Services LLC increased its position in First Trust Low Duration Opportunities ETF by 31.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 822,928 shares of the company’s stock worth $40,052,000 after purchasing an additional 194,923 shares in the last quarter. Prospera Financial Services Inc increased its position in First Trust Low Duration Opportunities ETF by 32.3% during the 3rd quarter. Prospera Financial Services Inc now owns 456,916 shares of the company’s stock worth $22,586,000 after purchasing an additional 111,451 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in First Trust Low Duration Opportunities ETF by 94.9% during the 4th quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock worth $22,100,000 after purchasing an additional 221,157 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

LMBS stock opened at $49.08 on Friday. The company has a 50 day simple moving average of $48.79 and a 200 day simple moving average of $48.91. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, February 21st.

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.