Apollon Wealth Management LLC Acquires 1,770 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Apollon Wealth Management LLC boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,895 shares of the company’s stock after purchasing an additional 1,770 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $30,000. Hilltop National Bank purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $42,000. Chris Bulman Inc purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $43,000. Triad Wealth Partners LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $44,000. Finally, GAMMA Investing LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $62,000.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

NASDAQ:LMBS opened at $48.67 on Friday. The company’s 50-day moving average is $49.11 and its two-hundred day moving average is $48.66. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.