First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stock Position Boosted by Financial Enhancement Group LLC

Financial Enhancement Group LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 87.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 442,405 shares of the company’s stock after acquiring an additional 206,322 shares during the period. First Trust Low Duration Opportunities ETF accounts for about 3.8% of Financial Enhancement Group LLC’s portfolio, making the stock its 6th largest position. Financial Enhancement Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $21,258,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after purchasing an additional 246 shares during the last quarter. City Holding Co. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 0.7% in the 2nd quarter. City Holding Co. now owns 40,370 shares of the company’s stock valued at $1,939,000 after buying an additional 300 shares during the period. Waterloo Capital L.P. increased its stake in First Trust Low Duration Opportunities ETF by 6.5% during the second quarter. Waterloo Capital L.P. now owns 5,827 shares of the company’s stock worth $280,000 after purchasing an additional 358 shares during the period. Richard W. Paul & Associates LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.8% in the third quarter. Richard W. Paul & Associates LLC now owns 26,901 shares of the company’s stock valued at $1,329,000 after purchasing an additional 465 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in First Trust Low Duration Opportunities ETF by 3.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 16,070 shares of the company’s stock worth $775,000 after buying an additional 521 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $48.56 on Thursday. The firm has a 50 day moving average of $49.14 and a two-hundred day moving average of $48.62. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.17 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%.

First Trust Low Duration Opportunities ETF 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.