Maridea Wealth Management LLC Boosts Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Maridea Wealth Management LLC increased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 32.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,819 shares of the company’s stock after purchasing an additional 11,276 shares during the quarter. Maridea Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Morgan Stanley lifted its holdings in First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after buying an additional 338,741 shares during the period. Wells Fargo & Company MN raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after acquiring an additional 87,626 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 6.7% during the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after acquiring an additional 256,318 shares in the last quarter. Royal Bank of Canada lifted its stake in First Trust Low Duration Opportunities ETF by 7.5% in the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock worth $143,479,000 after acquiring an additional 199,486 shares during the period. Finally, Bank of America Corp DE lifted its stake in First Trust Low Duration Opportunities ETF by 15.1% in the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after acquiring an additional 246,797 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

NASDAQ:LMBS opened at $49.81 on Friday. The firm’s fifty day simple moving average is $49.85 and its 200 day simple moving average is $50.01. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th.

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.