Axxcess Wealth Management LLC Acquires 1,155 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Axxcess Wealth Management LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,225 shares of the company’s stock after purchasing an additional 1,155 shares during the period. Axxcess Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sigma Planning Corp boosted its stake in shares of First Trust Low Duration Opportunities ETF by 5.1% during the third quarter. Sigma Planning Corp now owns 172,337 shares of the company’s stock valued at $8,515,000 after purchasing an additional 8,439 shares in the last quarter. Atria Investments Inc lifted its position in First Trust Low Duration Opportunities ETF by 49.1% during the third quarter. Atria Investments Inc now owns 29,953 shares of the company’s stock valued at $1,480,000 after acquiring an additional 9,866 shares during the last quarter. PFS Partners LLC lifted its position in First Trust Low Duration Opportunities ETF by 3.1% during the third quarter. PFS Partners LLC now owns 173,607 shares of the company’s stock valued at $8,578,000 after acquiring an additional 5,193 shares during the last quarter. Assetmark Inc. lifted its position in First Trust Low Duration Opportunities ETF by 16.6% during the third quarter. Assetmark Inc. now owns 189,189 shares of the company’s stock valued at $9,348,000 after acquiring an additional 26,908 shares during the last quarter. Finally, TFB Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 13.8% during the third quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after acquiring an additional 1,613 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $48.68 on Wednesday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The firm has a 50 day moving average of $49.13 and a 200 day moving average of $48.66.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%.

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.