IMG Wealth Management Inc. Boosts Stock Position in First Trust Low Duration Opportunities ETF $LMBS

IMG Wealth Management Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 58,089.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,586 shares of the company’s stock after purchasing an additional 32,530 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for about 1.0% of IMG Wealth Management Inc.’s holdings, making the stock its 20th largest position. IMG Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,623,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter valued at about $35,000. Bank of Montreal Can lifted its holdings 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 worth $37,000 after buying an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after buying an additional 250 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $56,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $49.44 on Tuesday. The firm has a 50 day moving average of $49.73 and a 200-day moving average of $49.96. 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 company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.17 dividend. The ex-dividend date is Tuesday, July 21st. This represents a c) annualized dividend and a yield of 4.1%.

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.