KOM Wealth Management Group LLC Grows Stake in First Trust Low Duration Opportunities ETF $LMBS

KOM Wealth Management Group LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 49.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 45,500 shares of the company’s stock after buying an additional 15,043 shares during the period. First Trust Low Duration Opportunities ETF accounts for 1.5% of KOM Wealth Management Group LLC’s investment portfolio, making the stock its 14th biggest holding. KOM Wealth Management Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after buying an additional 338,741 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Trust Low Duration Opportunities ETF by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after acquiring an additional 87,626 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust Low Duration Opportunities ETF by 6.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after acquiring an additional 256,318 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust Low Duration Opportunities ETF by 7.5% in the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after acquiring an additional 199,486 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 15.1% in the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after acquiring an additional 246,797 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

Shares of LMBS stock opened at $49.78 on Wednesday. The stock’s 50-day moving average is $49.84 and its two-hundred day moving average is $50.01. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend 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.