SRS Capital Advisors Inc. Purchases 109,186 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

SRS Capital Advisors Inc. boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 711.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,542 shares of the company’s stock after acquiring an additional 109,186 shares during the period. SRS Capital Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $6,062,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth about $47,000. Prospera Private Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $79,000. Riggs Asset Managment Co. Inc. grew its stake in First Trust Low Duration Opportunities ETF by 16.2% in 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 in the last quarter. Kestra Investment Management LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $127,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at $131,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.14 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The company has a fifty day moving average of $48.69 and a 200-day moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 annualized dividend and a 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.