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

Raab & Moskowitz Asset Management LLC decreased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,483 shares of the company’s stock after selling 210 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third 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 during the period. Fairvoy Private Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $11,777,000. Long Run Wealth Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $10,901,000. Financial Enhancement Group LLC lifted its position 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 last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 449.3% during 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 during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

First Trust Low Duration Opportunities ETF stock opened at $48.65 on Thursday. The stock’s 50 day moving average is $48.68 and its 200-day moving average is $48.90. 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 company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend 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.