KOM Wealth Management Group LLC Boosts Stake in First Trust Low Duration Opportunities ETF $LMBS

KOM Wealth Management Group LLC boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 49.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 45,500 shares of the company’s stock after purchasing an additional 15,043 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 1.5% of KOM Wealth Management Group LLC’s portfolio, making the stock its 14th largest position. KOM Wealth Management Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $26,000. Bank of Montreal Can lifted its stake in First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after acquiring an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares during the period. Motiv8 Investments LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $56,000. Finally, Flagship Harbor Advisors LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $69,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

NASDAQ LMBS opened at $49.78 on Wednesday. The stock has a 50-day moving average of $49.84 and a two-hundred day moving average of $50.01. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.17 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis 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.