Western Wealth Management LLC Has $3.62 Million Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Western Wealth Management LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 612.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,629 shares of the company’s stock after acquiring an additional 62,436 shares during the quarter. Western Wealth Management LLC owned 0.06% of First Trust Low Duration Opportunities ETF worth $3,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $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 worth $35,000. Bank of Montreal Can increased its holdings in 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 purchasing an additional 463 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in 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 valued at $44,000 after purchasing an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $56,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

Shares of LMBS opened at $49.49 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 stock’s 50-day moving average price is $49.72 and its two-hundred day moving average price is $49.94.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, July 21st.

First Trust Low Duration Opportunities ETF 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.