First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 698,281 shares of the company’s stock after purchasing an additional 78,879 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.81% of First Trust Low Duration Opportunities ETF worth $33,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LMBS. US Bancorp DE raised its position in shares of First Trust Low Duration Opportunities ETF by 45.0% during the 4th quarter. US Bancorp DE now owns 21,378 shares of the company’s stock worth $1,033,000 after purchasing an additional 6,632 shares during the last quarter. Stephens Inc. AR raised its holdings in First Trust Low Duration Opportunities ETF by 2.3% in the 4th quarter. Stephens Inc. AR now owns 411,375 shares of the company’s stock valued at $19,878,000 after acquiring an additional 9,214 shares during the last quarter. Valley Financial Group Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $567,000. Traction Financial Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $1,529,000. Finally, VitalStone Financial LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $1,422,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

LMBS stock opened at $49.41 on Tuesday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The firm has a 50-day moving average of $49.11 and a two-hundred day moving average of $48.45.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.17 dividend. The ex-dividend date was Thursday, September 26th. This represents a $2.04 dividend on an annualized basis and a yield of 4.13%.

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.