PFG Advisors Increases Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

PFG Advisors increased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 104.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,938 shares of the company’s stock after buying an additional 8,138 shares during the period. PFG Advisors’ holdings in First Trust Low Duration Opportunities ETF were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LMBS. Atria Investments Inc lifted its position in shares of First Trust Low Duration Opportunities ETF by 49.1% in the third quarter. Atria Investments Inc now owns 29,953 shares of the company’s stock worth $1,480,000 after buying an additional 9,866 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 6.5% during the third quarter. Apollon Wealth Management LLC now owns 28,895 shares of the company’s stock valued at $1,428,000 after buying an additional 1,770 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 40.4% during the third quarter. OneDigital Investment Advisors LLC now owns 22,985 shares of the company’s stock valued at $1,136,000 after buying an additional 6,612 shares during the last quarter. Holistic Financial Partners grew its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% during the third quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after buying an additional 419 shares during the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of First Trust Low Duration Opportunities ETF by 32.3% during the third quarter. Prospera Financial Services Inc now owns 456,916 shares of the company’s stock valued at $22,586,000 after buying an additional 111,451 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.08 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The business’s 50 day moving average is $48.79 and its 200 day moving average is $48.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.17 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.04 annualized dividend and a yield of 4.16%.

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.