Foundations Investment Advisors LLC Increases Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Foundations Investment Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,888 shares of the company’s stock after buying an additional 8,890 shares during the period. Foundations Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $12,308,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $76,000. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $79,000. Harbor Investment Advisory LLC raised its stake in First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake 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 worth $159,000 after acquiring an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of LMBS opened at $48.57 on Monday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The stock has a fifty day simple moving average of $48.70 and a two-hundred day simple moving average of $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Wednesday, January 22nd.

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.