Kirkwood Financial Services purchased a new stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 127,287 shares of the company’s stock, valued at approximately $6,337,000. First Trust Low Duration Opportunities ETF comprises approximately 1.8% of Kirkwood Financial Services’ holdings, making the stock its 12th largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 95.3% in the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after buying an additional 709,693 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth about $33,401,000. Axxcess Wealth Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 1,602.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after buying an additional 391,503 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Trust Low Duration Opportunities ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after buying an additional 372,725 shares in the last quarter. Finally, Morgan Stanley raised 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 valued at $707,388,000 after buying an additional 338,741 shares in the last quarter.
First Trust Low Duration Opportunities ETF Price Performance
Shares of NASDAQ:LMBS opened at $49.49 on Monday. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98. The company has a 50-day moving average price of $49.61 and a 200 day moving average price of $49.84.
First Trust Low Duration Opportunities ETF Announces Dividend
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.
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