First Trust Low Duration Opportunities ETF $LMBS is Petix & Botte Co’s 7th Largest Position

Petix & Botte Co trimmed its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,213 shares of the company’s stock after selling 18,006 shares during the period. First Trust Low Duration Opportunities ETF makes up about 3.4% of Petix & Botte Co’s holdings, making the stock its 7th largest holding. Petix & Botte Co owned about 0.26% of First Trust Low Duration Opportunities ETF worth $13,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. grew 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 boosted its stake in shares of First Trust Low Duration Opportunities ETF by 92.9% in 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 during the period. Vestmark Advisory Solutions Inc. increased its stake in First Trust Low Duration Opportunities ETF by 104.0% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 363,206 shares of the company’s stock worth $17,892,000 after buying an additional 185,184 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $8,650,000. Finally, Geneos Wealth Management Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 139.0% in the first quarter. Geneos Wealth Management Inc. now owns 300,098 shares of the company’s stock valued at $14,753,000 after purchasing an additional 174,545 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

LMBS stock opened at $50.02 on Thursday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.32 and a 1 year high of $50.25. The business’s 50-day moving average is $49.93 and its two-hundred day moving average is $49.43.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, October 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) dividend on an annualized basis 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.