Brookstone Capital Management raised its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 0.9% in the second quarter, HoldingsChannel.com reports. The firm owned 441,694 shares of the company’s stock after purchasing an additional 3,817 shares during the quarter. Brookstone Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $21,758,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. SouthState Corp acquired a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $82,000. Rossby Financial LCC acquired a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $87,000. Clarity Capital Partners LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $203,000. Rathbones Group PLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $209,000. Finally, Parallel Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 15.9% during the 2nd quarter. Parallel Advisors LLC now owns 4,323 shares of the company’s stock worth $213,000 after acquiring an additional 593 shares during the last quarter.
First Trust Low Duration Opportunities ETF Trading Down 0.4%
Shares of LMBS stock opened at $49.95 on Wednesday. First Trust Low Duration Opportunities ETF has a one year low of $48.32 and a one year high of $50.25. The firm has a 50-day moving average of $49.79 and a 200-day moving average of $49.30.
First Trust Low Duration Opportunities ETF Dividend Announcement
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.
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Want to see what other hedge funds are holding LMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report).
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