Morey & Quinn Wealth Partners LLC Takes $670,000 Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Morey & Quinn Wealth Partners LLC bought a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,767 shares of the company’s stock, valued at approximately $670,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LMBS. LPL Financial LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 8.3% during the 4th quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock worth $451,139,000 after purchasing an additional 708,645 shares in the last quarter. Condor Capital Management grew its stake in shares of First Trust Low Duration Opportunities ETF by 3.8% in the fourth quarter. Condor Capital Management now owns 325,012 shares of the company’s stock valued at $15,818,000 after acquiring an additional 11,995 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 7.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 21,759 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,534 shares during the period. Clearwater Capital Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 10.5% in the 4th quarter. Clearwater Capital Advisors LLC now owns 723,979 shares of the company’s stock valued at $35,236,000 after acquiring an additional 68,712 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its holdings in First Trust Low Duration Opportunities ETF by 32.5% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 8,162 shares of the company’s stock valued at $397,000 after buying an additional 2,003 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

First Trust Low Duration Opportunities ETF stock opened at $49.20 on Wednesday. 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 price is $48.89 and its two-hundred day moving average price is $48.91.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Friday, February 21st.

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.