Axxcess Wealth Management LLC Has $1.06 Million Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Axxcess Wealth Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,759 shares of the company’s stock after purchasing an additional 1,534 shares during the period. Axxcess Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMBS. Claro Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after buying an additional 249 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares in the last quarter. Pinnacle Family Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 4.3% during the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after acquiring an additional 391 shares in the last quarter. Proactive Wealth Strategies LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 10.8% in the 4th quarter. Proactive Wealth Strategies LLC now owns 4,551 shares of the company’s stock valued at $222,000 after purchasing an additional 444 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

LMBS stock opened at $49.23 on Friday. The company has a 50 day simple moving average of $48.84 and a 200 day simple moving average of $48.91. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, February 21st.

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.