Financial Enhancement Group LLC Sells 59,506 Shares of First Trust Low Duration Opportunities ETF $LMBS

Financial Enhancement Group LLC decreased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 16.1% in the 3rd quarter, Holdings Channel reports. The fund owned 309,533 shares of the company’s stock after selling 59,506 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for approximately 2.1% of Financial Enhancement Group LLC’s holdings, making the stock its 12th largest position. Financial Enhancement Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $15,439,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 497.2% during the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth about $31,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $46,000. Asset Dedication LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $67,000. Finally, Y.D. More Investments Ltd boosted its holdings in First Trust Low Duration Opportunities ETF by 133.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,596 shares of the company’s stock worth $78,000 after buying an additional 913 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.99 on Friday. The firm has a 50 day simple moving average of $50.00 and a 200 day simple moving average of $49.63. First Trust Low Duration Opportunities ETF has a 1-year low of $48.32 and a 1-year high of $50.25.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.17 dividend. The ex-dividend date is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.