First Trust Low Duration Opportunities ETF $LMBS Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 83.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,991 shares of the company’s stock after acquiring an additional 69,488 shares during the quarter. Gateway Wealth Partners LLC owned 0.12% of First Trust Low Duration Opportunities ETF worth $7,621,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LMBS. HighTower Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 95.3% during the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after acquiring an additional 709,693 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at $33,401,000. Axxcess Wealth Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1,602.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after purchasing an additional 391,503 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 46.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock worth $60,379,000 after purchasing an additional 382,941 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of First Trust Low Duration Opportunities ETF by 2.5% during the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after purchasing an additional 338,741 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.0%

Shares of LMBS stock opened at $49.37 on Monday. The firm has a fifty day moving average price of $49.74 and a 200 day moving average price of $49.96. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 21st.

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.