Financial Enhancement Group LLC Makes New $26.08 Million Investment in First Trust Low Duration Opportunities ETF $LMBS

Financial Enhancement Group LLC purchased a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 537,884 shares of the company’s stock, valued at approximately $26,082,000. First Trust Low Duration Opportunities ETF makes up approximately 3.1% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 7th biggest holding. Financial Enhancement Group LLC owned about 0.41% of First Trust Low Duration Opportunities ETF as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LMBS. Certified Advisory Corp lifted its position in shares of First Trust Low Duration Opportunities ETF by 3.2% in the first quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock worth $321,000 after buying an additional 200 shares in the last quarter. Helium Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 1.0% during the 1st quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock valued at $1,039,000 after buying an additional 210 shares in the last quarter. Sanctuary Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 0.7% in the 1st quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock worth $2,375,000 after acquiring an additional 318 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 9.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 4,100 shares of the company’s stock worth $204,000 after acquiring an additional 350 shares in the last quarter. Finally, True Blue Financial LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1.2% during the 1st quarter. True Blue Financial LLC now owns 30,141 shares of the company’s stock worth $1,501,000 after acquiring an additional 357 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3%

Shares of LMBS stock traded up $0.16 on Thursday, reaching $48.65. The company’s stock had a trading volume of 1,233,521 shares, compared to its average volume of 570,635. The stock’s fifty day simple moving average is $49.28 and its 200-day simple moving average is $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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.04 annualized dividend and a 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.