Smithbridge Asset Management Inc. DE purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,589 shares of the company’s stock, valued at approximately $627,000.
A number of other hedge funds have also made changes to their positions in LMBS. CX Institutional bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth approximately $28,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter worth $29,000. Creekmur Asset Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 497.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the last quarter. Hollencrest Capital Management acquired a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $31,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth $46,000.
First Trust Low Duration Opportunities ETF Price Performance
First Trust Low Duration Opportunities ETF stock opened at $50.22 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98. The firm has a fifty day moving average price of $50.03 and a two-hundred day moving average price of $49.78.
First Trust Low Duration Opportunities ETF Announces Dividend
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.
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