Summit Financial LLC Has $1.33 Million Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Summit Financial LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 22.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,245 shares of the company’s stock after purchasing an additional 4,950 shares during the period. Summit Financial LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,326,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $47,000. Riggs Asset Managment Co. Inc. increased its stake in shares of 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 in the last quarter. Synergy Investment Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $116,000. Kestra Investment Management LLC bought a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $127,000. Finally, Marshall Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth $131,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of NASDAQ LMBS opened at $49.17 on Wednesday. The firm’s 50-day moving average price is $48.94 and its 200-day moving average price is $48.90. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid 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 Thursday, March 27th.

First Trust Low Duration Opportunities ETF 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.