Riggs Asset Managment Co. Inc. Buys Shares of 1,543 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Riggs Asset Managment Co. Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,543 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 0.7% during the second quarter. City Holding Co. now owns 40,370 shares of the company’s stock valued at $1,939,000 after buying an additional 300 shares during the last quarter. Waterloo Capital L.P. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 6.5% in the second quarter. Waterloo Capital L.P. now owns 5,827 shares of the company’s stock valued at $280,000 after purchasing an additional 358 shares in the last quarter. Richard W. Paul & Associates LLC increased its position in First Trust Low Duration Opportunities ETF by 1.8% in the third quarter. Richard W. Paul & Associates LLC now owns 26,901 shares of the company’s stock worth $1,329,000 after purchasing an additional 465 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the first quarter valued at $25,000. Finally, Axxcess Wealth Management LLC lifted its position in First Trust Low Duration Opportunities ETF by 3.4% during the first quarter. Axxcess Wealth Management LLC now owns 16,070 shares of the company’s stock valued at $775,000 after purchasing an additional 521 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $48.76 on Monday. The company’s 50-day moving average price is $49.20 and its 200-day moving average price is $48.58. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Tuesday, October 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.