Tyler Stone Wealth Management Buys 5,082 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Tyler Stone Wealth Management raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 31.4% during the 4th quarter, Holdings Channel reports. The fund owned 21,251 shares of the company’s stock after acquiring an additional 5,082 shares during the period. Tyler Stone Wealth Management’s holdings in First Trust Low Duration Opportunities ETF were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LMBS. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $47,000. Riggs Asset Managment Co. Inc. increased its position in First Trust Low Duration Opportunities ETF by 16.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after buying an additional 250 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $116,000. Kestra Investment Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $127,000. Finally, Marshall Investment Management LLC bought a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $131,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of LMBS opened at $49.20 on Wednesday. The firm’s 50 day moving average is $48.89 and its 200-day moving average is $48.91. 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. Stockholders of record on Friday, February 21st were paid a $0.17 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

About First Trust Low Duration Opportunities ETF

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.