Raab & Moskowitz Asset Management LLC Has $510,000 Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Raab & Moskowitz Asset Management LLC lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,483 shares of the company’s stock after selling 210 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EdgeRock Capital LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 0.8% in the 3rd quarter. EdgeRock Capital LLC now owns 140,210 shares of the company’s stock valued at $6,928,000 after acquiring an additional 1,150 shares in the last quarter. Braun Bostich & Associates Inc. grew its stake 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 purchasing an additional 7,824 shares in the last quarter. Prism Advisors Inc. grew its stake in First Trust Low Duration Opportunities ETF by 6.7% in the third quarter. Prism Advisors Inc. now owns 279,833 shares of the company’s stock valued at $13,827,000 after purchasing an additional 17,645 shares in the last quarter. Good Life Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 12.6% during the 3rd quarter. Good Life Advisors LLC now owns 63,185 shares of the company’s stock worth $3,122,000 after purchasing an additional 7,074 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 4.6% during the 3rd quarter. Global Retirement Partners LLC now owns 12,845 shares of the company’s stock worth $635,000 after purchasing an additional 567 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $48.65 on Thursday. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The firm has a fifty day simple moving average of $48.68 and a 200 day simple moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

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 dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.19%.

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.