Archer Investment Corp Grows Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Archer Investment Corp increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,521 shares of the company’s stock after purchasing an additional 804 shares during the quarter. Archer Investment Corp’s holdings in First Trust Low Duration Opportunities ETF were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth $25,000. Hilltop National Bank purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $42,000. Triad Wealth Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $44,000. GAMMA Investing LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $62,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $64,000.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

Shares of LMBS opened at $49.12 on Wednesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $49.92. The company has a 50-day simple moving average of $48.70 and a 200-day simple moving average of $48.28.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Wednesday, August 21st.

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.