Manhattan West Asset Management LLC Acquires 31,591 Shares of First Trust Low Duration Opportunities ETF $LMBS

Manhattan West Asset Management LLC raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 40.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,934 shares of the company’s stock after acquiring an additional 31,591 shares during the quarter. First Trust Low Duration Opportunities ETF comprises approximately 1.1% of Manhattan West Asset Management LLC’s holdings, making the stock its 27th largest position. Manhattan West Asset Management LLC owned about 0.10% of First Trust Low Duration Opportunities ETF worth $5,424,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LMBS. Tcfg Wealth Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 9.9% during the 3rd quarter. Tcfg Wealth Management LLC now owns 23,403 shares of the company’s stock worth $1,165,000 after purchasing an additional 2,103 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of First Trust Low Duration Opportunities ETF by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 107,432 shares of the company’s stock valued at $5,349,000 after purchasing an additional 6,513 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 27.9% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 13,891 shares of the company’s stock valued at $692,000 after purchasing an additional 3,030 shares during the last quarter. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $26,000. Finally, Vivaldi Capital Management LP boosted its holdings in First Trust Low Duration Opportunities ETF by 6.3% in the third quarter. Vivaldi Capital Management LP now owns 108,243 shares of the company’s stock worth $5,389,000 after purchasing an additional 6,443 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $50.16 on Wednesday. First Trust Low Duration Opportunities ETF has a one year low of $48.37 and a one year high of $51.98. The company’s fifty day moving average price is $50.21 and its two-hundred day moving average price is $50.04.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, February 20th.

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.