Financial Enhancement Group LLC Has $12.20 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Financial Enhancement Group LLC lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,120 shares of the company’s stock after selling 190,285 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 1.9% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 16th largest position. Financial Enhancement Group LLC owned 0.26% of First Trust Low Duration Opportunities ETF worth $12,200,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares during the period. Envestnet Asset Management Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after buying an additional 15,450 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust Low Duration Opportunities ETF by 17.5% in the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after buying an additional 140,132 shares during the period. Raymond James & Associates increased its stake in shares of First Trust Low Duration Opportunities ETF by 6.0% in the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after buying an additional 45,961 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 7.0% during the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock worth $37,209,000 after acquiring an additional 48,939 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $48.55 on Thursday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The company has a 50 day simple moving average of $48.72 and a two-hundred day simple moving average of $48.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Friday, December 13th.

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.