Gladstone Institutional Advisory LLC Raises Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Gladstone Institutional Advisory LLC lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,362 shares of the company’s stock after acquiring an additional 2,710 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $796,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after purchasing an additional 929,010 shares in the last quarter. Fairvoy Private Wealth LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $11,777,000. Long Run Wealth Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $10,901,000. Financial Enhancement Group LLC grew its holdings in First Trust Low Duration Opportunities ETF by 87.4% during the third quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after acquiring an additional 206,322 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 449.3% in the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock worth $12,056,000 after acquiring an additional 199,575 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $48.78 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The company’s fifty day moving average is $48.68 and its two-hundred day moving average is $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

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

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.