13,310 First Trust Low Duration Opportunities ETF $LMBS Shares Acquired by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. grew its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 221,950 shares of the company’s stock after acquiring an additional 13,310 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 1.1% of Wealth Enhancement Trust Services Inc.’s portfolio, making the stock its 17th biggest holding. Wealth Enhancement Trust Services Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $10,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after buying an additional 372,725 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after acquiring an additional 171,648 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after acquiring an additional 212,258 shares in the last quarter. First Trust Advisors LP grew its position in First Trust Low Duration Opportunities ETF by 15.1% in the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after acquiring an additional 199,426 shares in the last quarter. Finally, Berger Financial Group Inc increased its stake in First Trust Low Duration Opportunities ETF by 6.9% during the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after acquiring an additional 72,760 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

NASDAQ LMBS traded down $0.03 during trading hours on Wednesday, hitting $48.49. 1,355,621 shares of the company were exchanged, compared to its average volume of 567,183. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98. The stock has a 50-day moving average price of $49.28 and a 200 day moving average price of $49.62.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.04 annualized dividend and a dividend yield of 4.2%.

First Trust Low Duration Opportunities ETF Profile

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.