5,085 Shares in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Bought by Betterment LLC

Betterment LLC bought a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,085 shares of the company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMBS. LPL Financial LLC lifted its position in 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 buying an additional 708,645 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock worth $236,209,000 after purchasing an additional 132,154 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $149,264,000. First Trust Advisors LP lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.5% during the 4th quarter. First Trust Advisors LP now owns 1,054,514 shares of the company’s stock valued at $51,323,000 after acquiring an additional 5,451 shares during the period. Finally, Berger Financial Group Inc lifted its position in shares of First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. Berger Financial Group Inc now owns 881,591 shares of the company’s stock valued at $42,907,000 after acquiring an additional 24,274 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

NASDAQ:LMBS opened at $49.00 on Tuesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The stock has a fifty day moving average price of $49.00 and a 200-day moving average price of $48.83.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%.

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.