Endowment Wealth Management Inc. Raises Stake in First Trust Low Duration Opportunities ETF $LMBS

Endowment Wealth Management Inc. boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 54,223 shares of the company’s stock after purchasing an additional 5,927 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 1.4% of Endowment Wealth Management Inc.’s portfolio, making the stock its 18th biggest position. Endowment Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $2,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LMBS. Goldstone Financial Group LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $272,000. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 25.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,074 shares of the company’s stock valued at $1,872,000 after acquiring an additional 7,700 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 14.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 9,933 shares of the company’s stock valued at $488,000 after acquiring an additional 1,282 shares during the period. Morey & Quinn Wealth Partners LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 22.1% in the first quarter. Morey & Quinn Wealth Partners LLC now owns 16,812 shares of the company’s stock valued at $826,000 after acquiring an additional 3,045 shares during the period. Finally, Fairvoy Private Wealth LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 26.8% in the first quarter. Fairvoy Private Wealth LLC now owns 306,728 shares of the company’s stock valued at $15,079,000 after acquiring an additional 64,744 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.97 on Monday. First Trust Low Duration Opportunities ETF has a 12-month low of $48.32 and a 12-month high of $50.25. The business has a 50 day moving average of $49.70 and a two-hundred day moving average of $49.26.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.