Axxcess Wealth Management LLC Has $1.06 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Axxcess Wealth Management LLC grew its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,759 shares of the company’s stock after buying an additional 1,534 shares during the quarter. Axxcess Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,059,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $79,000. Cypress Capital Group lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 7.7% in the third quarter. Cypress Capital Group now owns 26,901 shares of the company’s stock valued at $1,329,000 after purchasing an additional 1,925 shares in the last quarter. Trustmark National Bank Trust Department boosted its position in shares of First Trust Low Duration Opportunities ETF by 115.7% during the third quarter. Trustmark National Bank Trust Department now owns 9,322 shares of the company’s stock worth $461,000 after buying an additional 5,000 shares during the period. LPL Financial LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after buying an additional 929,010 shares in the last quarter. Finally, Cerity Partners LLC raised its position in First Trust Low Duration Opportunities ETF by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 382,949 shares of the company’s stock valued at $18,922,000 after buying an additional 75,143 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.23 on Friday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The stock’s 50 day moving average price is $48.84 and its two-hundred day moving average price is $48.91.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.14%. 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.