Integrated Wealth Concepts LLC Grows Stake in First Trust Low Duration Opportunities ETF $LMBS

Integrated Wealth Concepts LLC lifted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 504,821 shares of the company’s stock after acquiring an additional 57,764 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $25,130,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. RFG Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 16.1% in the 2nd quarter. RFG Advisory LLC now owns 139,646 shares of the company’s stock worth $6,952,000 after acquiring an additional 19,409 shares during the period. NewEdge Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 3.6% in the second quarter. NewEdge Advisors LLC now owns 403,638 shares of the company’s stock valued at $20,093,000 after acquiring an additional 13,875 shares in the last quarter. Kinetic Wealth Investment Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $460,000. Citadel Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $6,829,000. Finally, Kirkwood Financial Services acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $6,337,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.48 on Wednesday. The company’s fifty day simple moving average is $49.60 and its 200-day simple moving average is $49.82. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend 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.