Farmers & Merchants Investments Inc. Invests $47,000 in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Farmers & Merchants Investments Inc. purchased a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 972 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC raised its position in First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after purchasing an additional 754 shares during the period. Claro Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after purchasing an additional 249 shares during the last quarter. TFB Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 13.8% in the 3rd quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after buying an additional 1,613 shares during the period. Braun Bostich & Associates Inc. lifted its position in First Trust Low Duration Opportunities ETF by 10.8% in the third quarter. Braun Bostich & Associates Inc. now owns 80,476 shares of the company’s stock valued at $3,976,000 after buying an additional 7,824 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 2.0% during the third quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock worth $17,273,000 after buying an additional 6,854 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $48.76 on Monday. The company’s 50 day simple moving average is $48.69 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.17 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.