RiverTree Advisors LLC Acquires 26,563 Shares of First Trust Low Duration Opportunities ETF $LMBS

RiverTree Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,712 shares of the company’s stock after acquiring an additional 26,563 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 5.4% of RiverTree Advisors LLC’s portfolio, making the stock its 3rd biggest holding. RiverTree Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $8,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of LMBS. Palisade Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $26,000. CX Institutional acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $28,000. Financial Network Wealth Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $29,000. Hollencrest Capital Management purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 160.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.55 on Monday. The company’s 50-day simple moving average is $50.16 and its 200-day simple moving average is $50.05. First Trust Low Duration Opportunities ETF has a one year low of $48.37 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be paid a $0.17 dividend. The ex-dividend date is Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.