Darwin Wealth Management LLC Raises Stake in First Trust Low Duration Opportunities ETF $LMBS

Darwin Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,130 shares of the company’s stock after purchasing an additional 11,669 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 2.9% of Darwin Wealth Management LLC’s holdings, making the stock its 7th biggest position. Darwin Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $9,271,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Betterment LLC increased its stake in First Trust Low Duration Opportunities ETF by 11.4% in the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after buying an additional 681 shares during the period. Raymond James Financial Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after buying an additional 185,249 shares during the period. Jane Street Group LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $890,000. Bank of America Corp DE increased its position in shares of First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% in the second quarter. BNP Paribas Financial Markets now owns 17,150 shares of the company’s stock valued at $845,000 after purchasing an additional 2,245 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.69 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98. The business has a 50-day simple moving average of $49.79 and a 200-day simple moving average of $49.99.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

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.