Betterment LLC Acquires Shares of 5,085 First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Betterment LLC purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,085 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 8.3% in the fourth quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock worth $451,139,000 after purchasing an additional 708,645 shares during the last quarter. Wells Fargo & Company MN boosted its position in First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock valued at $236,209,000 after buying an additional 132,154 shares during the period. Raymond James Financial Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $149,264,000. First Trust Advisors LP raised its stake in shares of First Trust Low Duration Opportunities ETF by 0.5% during the fourth quarter. First Trust Advisors LP now owns 1,054,514 shares of the company’s stock valued at $51,323,000 after acquiring an additional 5,451 shares during the last quarter. Finally, Berger Financial Group Inc raised its stake in shares of First Trust Low Duration Opportunities ETF by 2.8% during the fourth quarter. Berger Financial Group Inc now owns 881,591 shares of the company’s stock valued at $42,907,000 after acquiring an additional 24,274 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

Shares of NASDAQ LMBS opened at $49.00 on Tuesday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The company’s 50-day moving average is $49.00 and its 200 day moving average is $48.83.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, April 22nd.

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.