National Wealth Management Group LLC Has $3.12 Million Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

National Wealth Management Group LLC lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 264.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,315 shares of the company’s stock after purchasing an additional 45,202 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for approximately 1.1% of National Wealth Management Group LLC’s holdings, making the stock its 25th biggest holding. National Wealth Management Group LLC owned approximately 0.05% of First Trust Low Duration Opportunities ETF worth $3,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LMBS. Palisade Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $26,000. CX Institutional acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $28,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $29,000. Hollencrest Capital Management bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.96 on Thursday. First Trust Low Duration Opportunities ETF has a one year low of $48.37 and a one year high of $51.98. The stock’s 50 day simple moving average is $50.19 and its 200 day simple moving average is $50.05.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a 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.