Manhattan West Asset Management LLC Has $4.57 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Manhattan West Asset Management LLC cut its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 22.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,789 shares of the company’s stock after selling 26,507 shares during the quarter. First Trust Low Duration Opportunities ETF comprises about 1.2% of Manhattan West Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Manhattan West Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $4,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $47,000. Riggs Asset Managment Co. Inc. increased its position in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the period. Synergy Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth about $116,000. Kestra Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth about $127,000. Finally, Marshall Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $131,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.50 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 company’s 50 day moving average price is $48.98 and its two-hundred day moving average price is $48.86.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Thursday, March 27th.

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.