AE Wealth Management LLC Increases Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

AE Wealth Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 281,809 shares of the company’s stock after buying an additional 13,378 shares during the quarter. AE Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $13,541,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LMBS. BNP Paribas Financial Markets increased its stake in First Trust Low Duration Opportunities ETF by 11,259.3% in the fourth quarter. BNP Paribas Financial Markets now owns 34,078 shares of the company’s stock valued at $1,647,000 after purchasing an additional 33,778 shares during the last quarter. Assetmark Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 52.8% in the 4th quarter. Assetmark Inc. now owns 103,613 shares of the company’s stock valued at $5,007,000 after buying an additional 35,815 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Low Duration Opportunities ETF by 17.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 387,766 shares of the company’s stock worth $18,737,000 after acquiring an additional 58,656 shares in the last quarter. US Bancorp DE lifted its position in First Trust Low Duration Opportunities ETF by 45.0% in the fourth quarter. US Bancorp DE now owns 21,378 shares of the company’s stock valued at $1,033,000 after acquiring an additional 6,632 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in First Trust Low Duration Opportunities ETF by 1.6% in the fourth quarter. Advisory Services Network LLC now owns 44,458 shares of the company’s stock valued at $2,148,000 after acquiring an additional 693 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

LMBS opened at $49.59 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $49.92. The business’s 50-day simple moving average is $49.01 and its 200-day simple moving average is $48.40.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, August 21st.

First Trust Low Duration Opportunities ETF 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.