Stonehaven Wealth & Tax Solutions LLC Buys New Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Stonehaven Wealth & Tax Solutions LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 40,294 shares of the company’s stock, valued at approximately $1,961,000. First Trust Low Duration Opportunities ETF accounts for 2.1% of Stonehaven Wealth & Tax Solutions LLC’s holdings, making the stock its 13th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 26.2% in the fourth quarter. Principal Securities Inc. now owns 18,690 shares of the company’s stock valued at $910,000 after purchasing an additional 3,875 shares during the last quarter. US Bancorp DE boosted its stake in First Trust Low Duration Opportunities ETF by 66.9% in the 4th quarter. US Bancorp DE now owns 6,177 shares of the company’s stock valued at $301,000 after purchasing an additional 2,476 shares during the period. Arbor Capital Management Inc. ADV grew its holdings in First Trust Low Duration Opportunities ETF by 32.5% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 8,162 shares of the company’s stock valued at $397,000 after buying an additional 2,003 shares in the last quarter. Claro Advisors LLC increased its position in First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after buying an additional 249 shares during the period. Finally, Core Wealth Partners LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 6.8% during the fourth quarter. Core Wealth Partners LLC now owns 25,773 shares of the company’s stock worth $1,254,000 after buying an additional 1,645 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.83 on Wednesday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The company’s 50-day simple moving average is $48.98 and its 200 day simple moving average is $48.85.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $2.04 annualized dividend and a dividend yield of 4.18%.

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.