Heck Capital Advisors LLC Increases Stake in First Trust Low Duration Opportunities ETF $LMBS

Heck Capital Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,940 shares of the company’s stock after acquiring an additional 31,562 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for approximately 1.7% of Heck Capital Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Heck Capital Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $27,874,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in 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 acquiring an additional 338,741 shares in the last quarter. Wells Fargo & Company MN raised its holdings 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 purchasing an additional 87,626 shares in the last quarter. Raymond James Financial Inc. raised its holdings 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 purchasing an additional 256,318 shares in the last quarter. Royal Bank of Canada raised 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 valued at $161,527,000 after purchasing an additional 372,725 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position 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 worth $127,102,000 after purchasing an additional 171,648 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

NASDAQ LMBS opened at $49.62 on Wednesday. The firm’s 50 day moving average price is $49.69 and its 200-day moving average price is $49.91. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

First Trust Low Duration Opportunities ETF Company 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.