IMG Wealth Management Inc. Acquires 32,530 Shares of First Trust Low Duration Opportunities ETF $LMBS

IMG Wealth Management Inc. boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 58,089.3% during the first quarter, Holdings Channel.com reports. The fund owned 32,586 shares of the company’s stock after buying an additional 32,530 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for 1.0% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 20th largest holding. IMG Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Certified Advisory Corp boosted its position in shares of First Trust Low Duration Opportunities ETF by 3.2% during the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after acquiring an additional 200 shares during the last quarter. Helium Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 1.0% in the first quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock worth $1,039,000 after purchasing an additional 210 shares during the last quarter. Valley Financial Group Inc. raised its stake in First Trust Low Duration Opportunities ETF by 1.9% in the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after purchasing an additional 246 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake 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 in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 0.7% in the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock valued at $2,375,000 after purchasing an additional 318 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.44 on Tuesday. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98. The company has a 50 day simple moving average of $49.73 and a two-hundred day simple moving average of $49.96.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, July 21st. This represents a c) annualized dividend and a dividend 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.