Strategic Financial Concepts LLC Purchases Shares of 91,544 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Strategic Financial Concepts LLC acquired a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 91,544 shares of the company’s stock, valued at approximately $4,455,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riggs Asset Managment Co. Inc. purchased a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $76,000. Prospera Private Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $79,000. Harbor Investment Advisory LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 20.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after acquiring an additional 459 shares in the last quarter. Proactive Wealth Strategies LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $203,000. Finally, Lion Street Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $206,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $48.76 on Monday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The business’s 50-day moving average is $48.69 and its two-hundred day moving average is $48.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors 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 4.18%. 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.