Raab & Moskowitz Asset Management LLC Acquires 11,990 Shares of First Trust Low Duration Opportunities ETF $LMBS

by · The Cerbat Gem

Raab & Moskowitz Asset Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 86.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,881 shares of the company’s stock after buying an additional 11,990 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new position in First Trust Low Duration Opportunities ETF in the third quarter worth about $26,000. CX Institutional acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $28,000. Financial Network Wealth Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $29,000. Hollencrest Capital Management acquired a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.88 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98. The stock has a 50-day simple moving average of $50.13 and a two-hundred day simple moving average of $50.04.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, March 26th.

About First Trust Low Duration Opportunities ETF

(Free Report)

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.

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