Silver Oak Securities Incorporated Purchases 13,330 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Silver Oak Securities Incorporated boosted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,161 shares of the company’s stock after purchasing an additional 13,330 shares during the period. Silver Oak Securities Incorporated owned about 0.10% of First Trust Low Duration Opportunities ETF worth $3,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 26.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock valued at $104,000 after buying an additional 445 shares during the last quarter. CWM LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 26.2% in the third quarter. CWM LLC now owns 3,979 shares of the company’s stock worth $188,000 after acquiring an additional 826 shares during the last quarter. W.H. Cornerstone Investments Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $224,000. OneAscent Financial Services LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 7.7% during the fourth quarter. OneAscent Financial Services LLC now owns 4,669 shares of the company’s stock valued at $226,000 after purchasing an additional 334 shares during the last quarter. Finally, Trueblood Wealth Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $251,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock traded up $0.02 during trading on Friday, hitting $47.60. The company had a trading volume of 350,107 shares, compared to its average volume of 515,691. The firm has a 50-day moving average price of $48.03 and a 200-day moving average price of $47.86. First Trust Low Duration Opportunities ETF has a 12 month low of $46.58 and a 12 month high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.41%.

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.