Robertson Stephens Wealth Management LLC Raises Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Robertson Stephens Wealth Management LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 69.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,638 shares of the company’s stock after acquiring an additional 6,429 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Financial Advisory LLC raised its stake in First Trust Low Duration Opportunities ETF by 12.2% during the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock worth $343,000 after acquiring an additional 754 shares in the last quarter. Claro Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% in the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after acquiring an additional 249 shares in the last quarter. TFB Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 13.8% in the third quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after acquiring an additional 1,613 shares in the last quarter. Braun Bostich & Associates Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 10.8% in the third quarter. Braun Bostich & Associates Inc. now owns 80,476 shares of the company’s stock valued at $3,976,000 after acquiring an additional 7,824 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 2.0% during the third quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock worth $17,273,000 after buying an additional 6,854 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.76 on Friday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The company’s 50-day moving average price is $48.70 and its 200 day moving average price is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Wednesday, January 22nd.

First Trust Low Duration Opportunities ETF Company 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.