International Assets Investment Management LLC Invests $577,000 in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

International Assets Investment Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,862 shares of the company’s stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMBS. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at $76,000. Prospera Private Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $79,000. Pinnacle Bancorp Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after purchasing an additional 611 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $192,000.

First Trust Low Duration Opportunities ETF Stock Down 0.2 %

NASDAQ LMBS opened at $48.43 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The firm’s 50-day moving average is $48.73 and its two-hundred day moving average is $48.85.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.21%.

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.