Elevation Point Wealth Partners LLC Has $9.31 Million Position in First Trust Low Duration Opportunities ETF $LMBS

Elevation Point Wealth Partners LLC trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 44.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,009 shares of the company’s stock after selling 149,067 shares during the quarter. Elevation Point Wealth Partners LLC owned approximately 0.15% of First Trust Low Duration Opportunities ETF worth $9,315,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 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 acquiring an additional 338,741 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after buying an additional 87,626 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 6.7% in the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after buying an additional 256,318 shares in the last quarter. Royal Bank of Canada increased its position in shares of First Trust Low Duration Opportunities ETF by 7.5% in the 4th quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after buying an additional 199,486 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in First Trust Low Duration Opportunities ETF by 15.1% during the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after acquiring an additional 246,797 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.74 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98. The stock has a 50-day moving average price of $49.83 and a two-hundred day moving average price of $50.00.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.