Independent Wealth Network Inc. Buys Shares of 45,879 First Trust Low Duration Opportunities ETF $LMBS

Independent Wealth Network Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 45,879 shares of the company’s stock, valued at approximately $2,285,000.

A number of other hedge funds have also made changes to their positions in the stock. Morgan Stanley boosted its stake in First Trust Low Duration Opportunities ETF by 2.5% during the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after acquiring an additional 338,741 shares during the last quarter. Wells Fargo & Company MN grew its holdings 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. grew its holdings in First Trust Low Duration Opportunities ETF by 6.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after acquiring an additional 256,318 shares in the last quarter. Royal Bank of Canada increased its position in shares of First Trust Low Duration Opportunities ETF by 7.5% in the 4th quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock worth $143,479,000 after purchasing an additional 199,486 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of First Trust Low Duration Opportunities ETF by 15.1% in the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after purchasing an additional 246,797 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.80 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98. The firm’s 50-day simple moving average is $49.86 and its 200-day simple moving average is $50.01.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, June 25th. 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.