Brueske Advisory Services LLC Invests $785,000 in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Brueske Advisory Services LLC bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,126 shares of the company’s stock, valued at approximately $785,000. First Trust Low Duration Opportunities ETF comprises approximately 0.7% of Brueske Advisory Services LLC’s holdings, making the stock its 22nd biggest holding.

Other hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $47,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $79,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF by 16.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after buying an additional 250 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $127,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $131,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.02 on Thursday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The firm has a 50-day moving average of $48.67 and a 200-day moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 21st.

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.