Wealth Watch Advisors INC Sells 925 Shares of First Trust Low Duration Opportunities ETF $LMBS

Wealth Watch Advisors INC decreased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.8% in the second quarter, Holdings Channel reports. The fund owned 18,271 shares of the company’s stock after selling 925 shares during the quarter. Wealth Watch Advisors INC’s holdings in First Trust Low Duration Opportunities ETF were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. lifted its holdings in shares of 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 during the last quarter. Commonwealth Equity Services LLC raised its position in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 996,316 shares of the company’s stock worth $48,979,000 after purchasing an additional 173,388 shares during the period. Berger Financial Group Inc raised its position in First Trust Low Duration Opportunities ETF by 2.1% in the 2nd quarter. Berger Financial Group Inc now owns 991,200 shares of the company’s stock worth $48,827,000 after purchasing an additional 20,827 shares during the period. Envestnet Asset Management Inc. raised its position in First Trust Low Duration Opportunities ETF by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 970,436 shares of the company’s stock worth $47,804,000 after purchasing an additional 41,990 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in First Trust Low Duration Opportunities ETF by 13.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 796,139 shares of the company’s stock worth $39,138,000 after purchasing an additional 93,675 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $49.99 on Monday. First Trust Low Duration Opportunities ETF has a 1-year low of $48.32 and a 1-year high of $50.25. The company’s 50-day moving average is $49.82 and its 200 day moving average is $49.33.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 21st will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, October 21st.

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.