Brown Financial Advisors Makes New $2.61 Million Investment in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Posted by Liza Goodheart on Dec 10th, 2024

Brown Financial Advisors bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,883 shares of the company’s stock, valued at approximately $2,613,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMBS. Hershey Financial Advisers LLC bought a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $30,000. Chris Bulman Inc bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at about $43,000. Triad Wealth Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth about $44,000. Strategic Financial Concepts LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $53,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $76,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $49.07 on Tuesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The company’s 50 day simple moving average is $48.89 and its 200 day simple moving average is $48.78.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given a $0.17 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.16%.

First Trust Low Duration Opportunities ETF Profile

(Free Report)

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.