Keystone Wealth Services LLC Grows Stake in First Trust Low Duration Opportunities ETF $LMBS

Keystone Wealth Services LLC raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,344 shares of the company’s stock after acquiring an additional 583 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 0.9% of Keystone Wealth Services LLC’s holdings, making the stock its 24th biggest position. Keystone Wealth Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $3,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in First Trust Low Duration Opportunities ETF by 1.4% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,990 shares of the company’s stock valued at $884,000 after acquiring an additional 252 shares during the last quarter. Abbot Financial Management Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 0.9% in the first quarter. Abbot Financial Management Inc. now owns 28,918 shares of the company’s stock valued at $1,422,000 after purchasing an additional 259 shares during the period. Axxcess Wealth Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 1.6% in the first quarter. Axxcess Wealth Management LLC now owns 22,111 shares of the company’s stock valued at $1,087,000 after purchasing an additional 352 shares during the period. Platform Technology Partners raised its position in shares of First Trust Low Duration Opportunities ETF by 5.5% in the first quarter. Platform Technology Partners now owns 7,827 shares of the company’s stock valued at $385,000 after purchasing an additional 407 shares during the period. Finally, Columbia Advisory Partners LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 1.6% in the first quarter. Columbia Advisory Partners LLC now owns 27,062 shares of the company’s stock valued at $1,330,000 after purchasing an additional 426 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.99 on Wednesday. The company’s 50 day moving average is $49.46 and its 200-day moving average is $49.16. First Trust Low Duration Opportunities ETF has a 12-month low of $48.32 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

About First Trust Low Duration Opportunities ETF

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.