Narwhal Capital Management Raises Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Narwhal Capital Management boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,879 shares of the company’s stock after buying an additional 1,297 shares during the period. Narwhal Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMBS. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth approximately $30,000. Riggs Asset Managment Co. Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $76,000. Prospera Private Wealth LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $79,000. Harbor Investment Advisory LLC grew its holdings in First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 23.4% in the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after acquiring an additional 611 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of NASDAQ:LMBS opened at $48.54 on Monday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The company has a 50-day moving average price of $48.70 and a 200-day moving average price of $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.