PFS Partners LLC Has $10.35 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

PFS Partners LLC lifted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,642 shares of the company’s stock after acquiring an additional 39,035 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 5.5% of PFS Partners LLC’s holdings, making the stock its 6th biggest holding. PFS Partners LLC owned 0.22% of First Trust Low Duration Opportunities ETF worth $10,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Riggs Asset Managment Co. Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $76,000. Prospera Private Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $79,000. Harbor Investment Advisory LLC grew its stake in First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $203,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.71 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The business’s 50 day moving average is $48.70 and its 200 day moving average is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.19%.

First Trust Low Duration Opportunities ETF Profile

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.