First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Acquired by Maia Wealth LLC

Maia Wealth LLC boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 89.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,605 shares of the company’s stock after purchasing an additional 17,786 shares during the period. Maia Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in LMBS. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $47,000. Prospera Private Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $79,000. Riggs Asset Managment Co. Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 16.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after purchasing an additional 250 shares during the period. Kestra Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $127,000. Finally, Marshall Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $131,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.14 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The business has a 50 day simple moving average of $48.69 and a 200 day simple moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

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