Northwestern Mutual Wealth Management Co. Has $52.32 Million Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,046,614 shares of the company’s stock after purchasing an additional 188,522 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Low Duration Opportunities ETF were worth $52,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harbour Investments Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 9.4% during the fourth quarter. Harbour Investments Inc. now owns 528,903 shares of the company’s stock worth $26,440,000 after purchasing an additional 45,303 shares during the period. Clearwater Capital Advisors LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 5.7% during the fourth quarter. Clearwater Capital Advisors LLC now owns 852,617 shares of the company’s stock worth $42,622,000 after purchasing an additional 45,664 shares during the period. Condor Capital Management raised its position in shares of First Trust Low Duration Opportunities ETF by 2.7% during the fourth quarter. Condor Capital Management now owns 52,257 shares of the company’s stock worth $2,612,000 after purchasing an additional 1,361 shares during the period. Insight Inv LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 23.8% during the fourth quarter. Insight Inv LLC now owns 47,232 shares of the company’s stock worth $2,361,000 after purchasing an additional 9,065 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 1,602.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock worth $20,792,000 after purchasing an additional 391,503 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.83 on Friday. The stock’s fifty day moving average is $49.88 and its 200-day moving average is $50.03. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

First Trust Low Duration Opportunities ETF Company Profile

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.