Clearwater Capital Advisors LLC Has $45.28 Million Holdings in First Trust Low Duration Opportunities ETF $LMBS

Clearwater Capital Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 909,130 shares of the company’s stock after purchasing an additional 56,513 shares during the period. First Trust Low Duration Opportunities ETF accounts for 3.7% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Clearwater Capital Advisors LLC owned approximately 0.74% of First Trust Low Duration Opportunities ETF worth $45,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of LMBS. Palisade Asset Management LLC bought a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at $35,000. Bank of Montreal Can raised its stake in shares of First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after buying an additional 463 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after buying an additional 250 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $56,000.

First Trust Low Duration Opportunities ETF Trading Down 0.2%

LMBS stock opened at $49.45 on Thursday. The stock has a fifty day moving average of $49.75 and a 200-day moving average of $49.97. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, July 21st.

About First Trust Low Duration Opportunities ETF

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.