Tyler Stone Wealth Management Acquires 8,521 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Tyler Stone Wealth Management boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 111.4% during the third quarter, Holdings Channel reports. The fund owned 16,169 shares of the company’s stock after purchasing an additional 8,521 shares during the period. Tyler Stone Wealth Management’s holdings in First Trust Low Duration Opportunities ETF were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LMBS. Hershey Financial Advisers LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $30,000. Hilltop National Bank acquired a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $42,000. Chris Bulman Inc acquired a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $43,000. Triad Wealth Partners LLC bought a new position in First Trust Low Duration Opportunities ETF during the second quarter worth about $44,000. Finally, Strategic Financial Concepts LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $53,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.83 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 firm’s 50 day moving average is $49.13 and its 200-day moving average is $48.64.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, October 22nd.

First Trust Low Duration Opportunities ETF 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.