Gateway Wealth Partners LLC Increases Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Gateway Wealth Partners LLC raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 83.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 152,991 shares of the company’s stock after acquiring an additional 69,488 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $7,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Betterment LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 11.4% in the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock valued at $329,000 after buying an additional 681 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth $8,409,000. Raymond James Financial Inc. lifted its position in First Trust Low Duration Opportunities ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after acquiring an additional 185,249 shares during the last quarter. Jane Street Group LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at $890,000. Finally, Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.37 on Monday. The company has a fifty day moving average of $49.74 and a two-hundred day moving average of $49.96. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 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.