Petix & Botte Co Has $12.98 Million Holdings in First Trust Low Duration Opportunities ETF $LMBS

Petix & Botte Co lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.9% in the third quarter, Holdings Channel reports. The institutional investor owned 260,771 shares of the company’s stock after selling 16,442 shares during the quarter. First Trust Low Duration Opportunities ETF comprises about 3.0% of Petix & Botte Co’s portfolio, making the stock its 9th biggest position. Petix & Botte Co’s holdings in First Trust Low Duration Opportunities ETF were worth $12,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter worth about $22,376,000. Bank of America Corp DE grew its stake in First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in First Trust Low Duration Opportunities ETF by 66.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock valued at $30,141,000 after acquiring an additional 242,154 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 6.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after acquiring an additional 214,907 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 139.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock worth $15,056,000 after acquiring an additional 177,987 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

NASDAQ LMBS opened at $50.16 on Wednesday. The company’s 50 day simple moving average is $50.21 and its two-hundred day simple moving average is $50.04. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 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 Friday, February 27th. Investors of record on Friday, February 20th were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, February 20th.

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.