Axxcess Wealth Management LLC Acquires 391,503 Shares of First Trust Low Duration Opportunities ETF $LMBS

Axxcess Wealth Management LLC grew its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1,602.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 415,932 shares of the company’s stock after purchasing an additional 391,503 shares during the quarter. Axxcess Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $20,792,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LMBS. HighTower Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 95.3% during the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after acquiring an additional 709,693 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $22,376,000. Concurrent Investment Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 46.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock valued at $60,379,000 after purchasing an additional 382,941 shares in the last quarter. Assetmark Inc. increased its stake in First Trust Low Duration Opportunities ETF by 105.2% during the 4th quarter. Assetmark Inc. now owns 610,372 shares of the company’s stock valued at $30,512,000 after purchasing an additional 312,850 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in First Trust Low Duration Opportunities ETF by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after purchasing an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.66 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The firm’s 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $50.04.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.