Summit Wealth Group LLC Co. Acquires Shares of 10,784 First Trust Low Duration Opportunities ETF $LMBS

Summit Wealth Group LLC Co. acquired a new stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,784 shares of the company’s stock, valued at approximately $539,000.

Other institutional investors also recently modified their holdings of the company. Betterment LLC boosted its stake in First Trust Low Duration Opportunities ETF by 11.4% in the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock valued at $329,000 after acquiring an additional 681 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $8,409,000. Raymond James Financial Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF by 5.4% in the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $890,000. Finally, Bank of America Corp DE boosted its position in shares of First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after purchasing an additional 248,784 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.89 on Thursday. The business has a fifty day simple moving average of $49.99 and a 200 day simple moving average of $50.05. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.