Endowment Wealth Management Inc. Has $1.97 Million Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Endowment Wealth Management Inc. lifted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,511 shares of the company’s stock after acquiring an additional 6,097 shares during the period. First Trust Low Duration Opportunities ETF makes up 1.3% of Endowment Wealth Management Inc.’s portfolio, making the stock its 21st largest holding. Endowment Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,972,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 26.2% in the fourth quarter. Principal Securities Inc. now owns 18,690 shares of the company’s stock worth $910,000 after purchasing an additional 3,875 shares during the period. Claro Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after acquiring an additional 249 shares during the period. HighTower Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.0% during the third quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock worth $17,273,000 after acquiring an additional 6,854 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 2.8% in the fourth quarter. DAVENPORT & Co LLC now owns 52,433 shares of the company’s stock valued at $2,552,000 after buying an additional 1,427 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 1,308.9% in the third quarter. Benjamin Edwards Inc. now owns 69,784 shares of the company’s stock valued at $3,448,000 after buying an additional 64,831 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

Shares of NASDAQ:LMBS opened at $49.12 on Tuesday. The company has a fifty day moving average of $48.76 and a 200-day moving average of $48.91. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.