West Michigan Advisors LLC Acquires 486 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

West Michigan Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,842 shares of the company’s stock after purchasing an additional 486 shares during the period. West Michigan Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $333,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its stake in shares of First Trust Low Duration Opportunities ETF by 6.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 10,284 shares of the company’s stock valued at $508,000 after purchasing an additional 591 shares during the period. Farther Finance Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock valued at $780,000 after buying an additional 246 shares during the period. Chicago Partners Investment Group LLC boosted its position in First Trust Low Duration Opportunities ETF by 8.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 30,668 shares of the company’s stock valued at $1,495,000 after buying an additional 2,262 shares during the period. Clear Creek Financial Management LLC grew its holdings in First Trust Low Duration Opportunities ETF by 141.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 248,719 shares of the company’s stock worth $12,289,000 after acquiring an additional 145,506 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 10.8% in the third quarter. Janney Montgomery Scott LLC now owns 255,336 shares of the company’s stock valued at $12,616,000 after acquiring an additional 24,982 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of NASDAQ:LMBS opened at $49.14 on Friday. The company has a 50-day moving average price of $48.69 and a 200-day moving average price of $48.90. 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 firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Friday, February 21st.

First Trust Low Duration Opportunities ETF Company 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.