First Trust Low Duration Opportunities ETF $LMBS Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 833,495 shares of the company’s stock after purchasing an additional 37,356 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Low Duration Opportunities ETF were worth $41,058,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LMBS. Arkadios Wealth Advisors lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 7.3% during the first quarter. Arkadios Wealth Advisors now owns 10,822 shares of the company’s stock valued at $532,000 after purchasing an additional 737 shares during the last quarter. Clearwater Capital Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 3.0% in the first quarter. Clearwater Capital Advisors LLC now owns 746,011 shares of the company’s stock worth $36,674,000 after acquiring an additional 22,032 shares during the last quarter. IFG Advisory LLC grew its stake in First Trust Low Duration Opportunities ETF by 51.5% in the first quarter. IFG Advisory LLC now owns 34,799 shares of the company’s stock valued at $1,711,000 after purchasing an additional 11,830 shares in the last quarter. Commonwealth Equity Services LLC increased its position in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 996,316 shares of the company’s stock worth $48,979,000 after purchasing an additional 173,388 shares during the last quarter. Finally, Endowment Wealth Management Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 19.2% in the first quarter. Endowment Wealth Management Inc. now owns 48,296 shares of the company’s stock worth $2,374,000 after buying an additional 7,785 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

Shares of NASDAQ:LMBS opened at $50.03 on Friday. The business has a 50-day moving average of $49.96 and a two-hundred day moving average of $49.52. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.32 and a fifty-two week high of $50.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, November 21st.

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.