Traction Financial Partners LLC Has $1.77 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Traction Financial Partners LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,387 shares of the company’s stock after acquiring an additional 1,784 shares during the period. First Trust Low Duration Opportunities ETF comprises about 1.4% of Traction Financial Partners LLC’s investment portfolio, making the stock its 14th biggest position. Traction Financial Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,771,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Farmers & Merchants Investments Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $47,000. Riggs Asset Managment Co. Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $76,000. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $79,000. Kestra Investment Management LLC acquired a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $127,000. Finally, Harbor Investment Advisory LLC boosted its position in First Trust Low Duration Opportunities ETF by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after buying an additional 459 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $48.87 on Tuesday. 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 $48.67 and its two-hundred day moving average price is $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.17 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.17%.

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.