Iams Wealth Management LLC Acquires 5,253 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Iams Wealth Management LLC raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,981 shares of the company’s stock after buying an additional 5,253 shares during the period. First Trust Low Duration Opportunities ETF makes up approximately 2.2% of Iams Wealth Management LLC’s portfolio, making the stock its 6th largest position. Iams Wealth Management LLC owned 0.09% of First Trust Low Duration Opportunities ETF worth $3,602,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Y.D. More Investments Ltd acquired a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $64,000. Harbor Investment Advisory LLC lifted its stake in First Trust Low Duration Opportunities ETF by 26.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock worth $104,000 after acquiring an additional 445 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 46.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 2,685 shares of the company’s stock worth $130,000 after acquiring an additional 856 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 1,405.7% in the 4th quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock valued at $180,000 after acquiring an additional 3,472 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock traded up $0.07 during trading on Tuesday, hitting $48.02. 138,205 shares of the company’s stock were exchanged, compared to its average volume of 447,841. First Trust Low Duration Opportunities ETF has a 52-week low of $46.58 and a 52-week high of $48.55. The business has a 50-day moving average price of $48.04 and a two-hundred day moving average price of $48.13.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, June 27th.

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.