Sovran Advisors LLC Acquires Shares of 6,096 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Sovran Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 6,096 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. LPL Financial LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares during the period. Raymond James & Associates raised its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after purchasing an additional 45,961 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 7.0% during the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock worth $37,209,000 after purchasing an additional 48,939 shares during the period. Trilogy Capital Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.0% during the third quarter. Trilogy Capital Inc. now owns 488,969 shares of the company’s stock worth $24,160,000 after purchasing an additional 23,129 shares during the period. Finally, Petix & Botte Co raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1.5% during the third quarter. Petix & Botte Co now owns 458,366 shares of the company’s stock worth $22,648,000 after purchasing an additional 6,792 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.65 on Thursday. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The company’s fifty day moving average is $48.68 and its two-hundred day moving average is $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis 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.