SMART Wealth LLC Purchases Shares of 16,272 First Trust Low Duration Opportunities ETF $LMBS

SMART Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,272 shares of the company’s stock, valued at approximately $810,000.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in First Trust Low Duration Opportunities ETF by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after buying an additional 248,784 shares during the period. Raymond James Financial Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after acquiring an additional 185,249 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 104.0% during the second quarter. Vestmark Advisory Solutions Inc. now owns 363,206 shares of the company’s stock worth $17,892,000 after purchasing an additional 185,184 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 139.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock worth $15,056,000 after purchasing an additional 177,987 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 26.0% in the 2nd quarter. Osaic Holdings Inc. now owns 850,960 shares of the company’s stock worth $41,928,000 after purchasing an additional 175,338 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $50.43 on Monday. The firm has a fifty day simple moving average of $50.09 and a two-hundred day simple moving average of $49.92. First Trust Low Duration Opportunities ETF has a 12 month low of $48.37 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 4.0%.

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.