Morey & Quinn Wealth Partners LLC Buys New Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Morey & Quinn Wealth Partners LLC purchased a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,767 shares of the company’s stock, valued at approximately $670,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 8.3% in the fourth quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock valued at $451,139,000 after purchasing an additional 708,645 shares during the period. Condor Capital Management increased its holdings in shares of First Trust Low Duration Opportunities ETF by 3.8% during the 4th quarter. Condor Capital Management now owns 325,012 shares of the company’s stock worth $15,818,000 after buying an additional 11,995 shares during the last quarter. Axxcess Wealth Management LLC raised its position in First Trust Low Duration Opportunities ETF by 7.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 21,759 shares of the company’s stock valued at $1,059,000 after purchasing an additional 1,534 shares during the period. Clearwater Capital Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 10.5% during the fourth quarter. Clearwater Capital Advisors LLC now owns 723,979 shares of the company’s stock worth $35,236,000 after buying an additional 68,712 shares during the period. Finally, Arbor Capital Management Inc. ADV boosted its position in shares of First Trust Low Duration Opportunities ETF by 32.5% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,162 shares of the company’s stock worth $397,000 after buying an additional 2,003 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.20 on Wednesday. The company has a 50 day moving average price of $48.89 and a 200 day moving average price of $48.91. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend 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.