Traction Financial Partners LLC Acquires 1,784 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Traction Financial Partners LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 36,387 shares of the company’s stock after buying an additional 1,784 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 1.4% of Traction Financial Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Traction Financial Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,771,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $47,000. Riggs Asset Managment Co. Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $76,000. Prospera Private Wealth LLC bought a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $79,000. Kestra Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $127,000. Finally, Harbor Investment Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of NASDAQ:LMBS opened at $48.87 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 company has a 50 day moving average price of $48.67 and a two-hundred day moving average price of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend 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.