GPS Wealth Strategies Group LLC Grows Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

GPS Wealth Strategies Group LLC raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 19,504 shares of the company’s stock after buying an additional 797 shares during the period. GPS Wealth Strategies Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $949,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Riggs Asset Managment Co. Inc. increased its position in First Trust Low Duration Opportunities ETF by 16.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after acquiring an additional 250 shares during the period. Lunt Capital Management Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 5.8% in the fourth quarter. Lunt Capital Management Inc. now owns 129,978 shares of the company’s stock valued at $6,326,000 after purchasing an additional 7,146 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 815.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 50,666 shares of the company’s stock worth $2,466,000 after purchasing an additional 45,129 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $6,323,000. Finally, DAVENPORT & Co LLC grew its position in First Trust Low Duration Opportunities ETF by 2.8% in the 4th quarter. DAVENPORT & Co LLC now owns 52,433 shares of the company’s stock valued at $2,552,000 after buying an additional 1,427 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.74 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The company’s fifty day moving average is $48.70 and its two-hundred day moving average is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.19%.

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.