Kintra Wealth LLC Acquires New Position in First Trust Low Duration Opportunities ETF $LMBS

Kintra Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,758 shares of the company’s stock, valued at approximately $1,082,000.

Other large investors also recently bought and sold shares of the company. Morgan Stanley increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after acquiring an additional 338,741 shares during the last quarter. Wells Fargo & Company MN lifted its stake in First Trust Low Duration Opportunities ETF by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after purchasing an additional 87,626 shares during the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 6.7% during the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after purchasing an additional 256,318 shares during the last quarter. Royal Bank of Canada boosted its holdings in First Trust Low Duration Opportunities ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in First Trust Low Duration Opportunities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after purchasing an additional 171,648 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $49.49 on Monday. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98. The firm has a fifty day moving average price of $49.61 and a two-hundred day moving average price of $49.84.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) annualized dividend 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.