First Trust Low Duration Opportunities ETF $LMBS Shares Purchased by Weitzel Financial Services Inc.

Weitzel Financial Services Inc. raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,945 shares of the company’s stock after acquiring an additional 13,816 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 4.7% of Weitzel Financial Services Inc.’s investment portfolio, making the stock its 7th largest position. Weitzel Financial Services Inc. owned 0.21% of First Trust Low Duration Opportunities ETF worth $13,036,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of First Trust Low Duration Opportunities ETF by 2.5% during the fourth quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after buying an additional 338,741 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Trust Low Duration Opportunities ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after acquiring an additional 87,626 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF by 6.7% in the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after acquiring an additional 256,318 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 7.5% during the 4th quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after acquiring an additional 199,486 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% during the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after acquiring an additional 246,797 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.60 on Thursday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The stock’s fifty day simple moving average is $49.80 and its 200 day simple moving average is $49.99.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued 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, June 25th.

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.