Simplicity Wealth LLC Buys Shares of 11,289 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Simplicity Wealth LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 1st quarter, HoldingsChannel reports. The firm bought 11,289 shares of the company’s stock, valued at approximately $555,000.

Several other institutional investors have also added to or reduced their stakes in the business. Synergy Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth $116,000. Kestra Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth $127,000. Marshall Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth $131,000. Tucker Asset Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 46.3% in the 4th quarter. Tucker Asset Management LLC now owns 2,792 shares of the company’s stock worth $136,000 after buying an additional 884 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth $183,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.02 on Thursday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The stock’s fifty day moving average is $48.87 and its 200 day moving average is $48.85.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were issued a $0.17 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%.

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.