45,879 Shares in First Trust Low Duration Opportunities ETF $LMBS Bought by Independent Wealth Network Inc.

Independent Wealth Network Inc. acquired a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the first quarter, HoldingsChannel reports. The institutional investor acquired 45,879 shares of the company’s stock, valued at approximately $2,285,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Palisade Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $26,000. Bank of Montreal Can boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% in the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after buying an additional 463 shares during the period. Hazlett Burt & Watson Inc. grew 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 buying an additional 250 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $56,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $69,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.80 on Friday. The firm’s 50-day moving average price is $49.86 and its two-hundred day moving average price is $50.01. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

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