Northwestern Mutual Wealth Management Co. Has $1.66 Million Holdings in First Trust Low Duration Opportunities ETF $LMBS

Northwestern Mutual Wealth Management Co. lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 96.1% during the fourth quarter, Holdings Channel reports. The fund owned 33,243 shares of the company’s stock after selling 824,849 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,662,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in First Trust Low Duration Opportunities ETF by 145.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 102,307 shares of the company’s stock valued at $5,117,000 after buying an additional 60,559 shares during the period. Western Wealth Management LLC increased its stake in First Trust Low Duration Opportunities ETF by 133.2% in the 4th quarter. Western Wealth Management LLC now owns 10,193 shares of the company’s stock valued at $510,000 after buying an additional 5,822 shares during the period. TrueWealth Financial Partners acquired a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $1,489,000. Summit Wealth Group LLC Co. acquired a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $539,000. Finally, Ameritas Advisory Services LLC increased its stake in First Trust Low Duration Opportunities ETF by 133.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 179,328 shares of the company’s stock valued at $8,965,000 after buying an additional 102,433 shares during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

First Trust Low Duration Opportunities ETF stock opened at $49.73 on Thursday. The firm’s 50 day moving average price is $49.90 and its two-hundred day moving average price is $50.04. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, May 21st.

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.