537,884 Shares in First Trust Low Duration Opportunities ETF $LMBS Purchased by Financial Enhancement Group LLC

Financial Enhancement Group LLC bought a new position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 537,884 shares of the company’s stock, valued at approximately $26,082,000. First Trust Low Duration Opportunities ETF comprises approximately 3.1% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also recently made changes to their positions in LMBS. Royal Bank of Canada increased its stake in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after buying an additional 372,725 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Low Duration Opportunities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after acquiring an additional 171,648 shares during the period. Bank of America Corp DE boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after purchasing an additional 212,258 shares during the period. First Trust Advisors LP boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 15.1% in the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock valued at $75,755,000 after purchasing an additional 199,426 shares during the period. Finally, Berger Financial Group Inc grew its stake in First Trust Low Duration Opportunities ETF by 6.9% in the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after purchasing an additional 72,760 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3%

LMBS traded up $0.16 during trading on Thursday, hitting $48.65. 1,233,521 shares of the stock were exchanged, compared to its average volume of 570,635. The firm has a 50 day simple moving average of $49.28 and a 200 day simple moving average of $49.62. First Trust Low Duration Opportunities ETF has a 1 year low of $47.60 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.04 annualized dividend and a dividend yield of 4.2%.

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.