Western Wealth Management LLC Acquires 62,436 Shares of First Trust Low Duration Opportunities ETF $LMBS

Western Wealth Management LLC raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 612.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 72,629 shares of the company’s stock after acquiring an additional 62,436 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $3,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at $35,000. Bank of Montreal Can lifted its position in shares of First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after acquiring an additional 463 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth $56,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.49 on Friday. The company’s fifty day simple moving average is $49.72 and its 200 day simple moving average is $49.94. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

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

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.