Destiny Wealth Partners LLC Purchases 4,864 Shares of First Trust Low Duration Opportunities ETF $LMBS

Destiny Wealth Partners LLC grew its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,543 shares of the company’s stock after buying an additional 4,864 shares during the quarter. Destiny Wealth Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. lifted its position in First Trust Low Duration Opportunities ETF by 11.2% in the 1st quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock valued at $167,648,000 after acquiring an additional 343,406 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 92.9% during the first quarter. HighTower Advisors LLC now owns 706,227 shares of the company’s stock valued at $34,718,000 after purchasing an additional 340,107 shares in the last quarter. Financial Enhancement Group LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 97.2% during the first quarter. Financial Enhancement Group LLC now owns 497,099 shares of the company’s stock valued at $24,219,000 after purchasing an additional 244,979 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $8,650,000. Finally, Geneos Wealth Management Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 139.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 300,098 shares of the company’s stock worth $14,753,000 after buying an additional 174,545 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.69 on Friday. The business has a 50-day simple moving average of $49.56 and a two-hundred day simple moving average of $49.20. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.32 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 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.