Kestra Private Wealth Services LLC Has $20.21 Million Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Kestra Private Wealth Services LLC grew its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.8% in the first quarter, Holdings Channel.com reports. The fund owned 405,775 shares of the company’s stock after buying an additional 29,361 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $20,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $26,000. Bank of Montreal Can lifted its position in First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the period. Hazlett Burt & Watson Inc. lifted its position in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares during the period. Motiv8 Investments LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $56,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $69,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.94 on Thursday. The company’s fifty day moving average price is $49.87 and its two-hundred day moving average price is $50.01. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, May 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.