Maridea Wealth Management LLC Acquires 11,276 Shares of First Trust Low Duration Opportunities ETF $LMBS

Maridea Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 32.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 45,819 shares of the company’s stock after acquiring an additional 11,276 shares during the period. Maridea Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,282,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $26,000. Bank of Montreal Can increased its position in First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after buying an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in First Trust Low Duration Opportunities ETF by 38.5% during the fourth 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. Motiv8 Investments LLC purchased a new position in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $56,000. Finally, Flagship Harbor Advisors LLC purchased a new position in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $69,000.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $49.81 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98. The business’s fifty day simple moving average is $49.85 and its two-hundred day simple moving average is $50.01.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th.

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.