Foundations Investment Advisors LLC Acquires 8,890 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Foundations Investment Advisors LLC grew its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 252,888 shares of the company’s stock after acquiring an additional 8,890 shares during the quarter. Foundations Investment Advisors LLC owned about 0.26% of First Trust Low Duration Opportunities ETF worth $12,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMBS. Beacon Financial Advisory LLC raised its holdings in First Trust Low Duration Opportunities ETF by 12.2% during the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after buying an additional 754 shares during the period. Claro Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 2.9% in the fourth 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 period. TFB Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 13.8% in the third quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock worth $657,000 after purchasing an additional 1,613 shares during the period. TL Private Wealth increased its stake in First Trust Low Duration Opportunities ETF by 0.9% in the third quarter. TL Private Wealth now owns 305,513 shares of the company’s stock worth $14,943,000 after purchasing an additional 2,686 shares during the period. Finally, Braun Bostich & Associates Inc. increased 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 worth $3,976,000 after purchasing an additional 7,824 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

LMBS stock opened at $48.57 on Monday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The business’s fifty day simple moving average is $48.70 and its two-hundred day simple moving average is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.20%.

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.