Endowment Wealth Management Inc. Raises Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Endowment Wealth Management Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,511 shares of the company’s stock after buying an additional 6,097 shares during the period. First Trust Low Duration Opportunities ETF accounts for about 1.3% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 21st largest position. Endowment Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its position in First Trust Low Duration Opportunities ETF by 16.6% in the third quarter. Assetmark Inc. now owns 189,189 shares of the company’s stock worth $9,348,000 after purchasing an additional 26,908 shares during the last quarter. Atria Investments Inc boosted its stake in shares of 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 purchasing an additional 9,866 shares during the period. Axxcess Wealth Management LLC lifted its stake in First Trust Low Duration Opportunities ETF by 6.1% in the third quarter. Axxcess Wealth Management LLC now owns 20,225 shares of the company’s stock worth $999,000 after acquiring an additional 1,155 shares during the period. Tyler Stone Wealth Management raised its holdings in First Trust Low Duration Opportunities ETF by 111.4% in the third quarter. Tyler Stone Wealth Management now owns 16,169 shares of the company’s stock worth $799,000 after purchasing an additional 8,521 shares in the last quarter. Finally, Core Wealth Partners LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 163.3% during the third quarter. Core Wealth Partners LLC now owns 24,128 shares of the company’s stock valued at $1,192,000 after acquiring an additional 14,963 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.12 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The firm’s 50-day moving average price is $48.76 and its 200-day moving average price is $48.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.15%. The ex-dividend date was Friday, February 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.