First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) is Midwest Financial Group LLC’s 10th Largest Position

Midwest Financial Group LLC raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 92,115 shares of the company’s stock after acquiring an additional 658 shares during the period. First Trust Low Duration Opportunities ETF accounts for 2.6% of Midwest Financial Group LLC’s holdings, making the stock its 10th biggest holding. Midwest Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $4,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMBS. Farther Finance Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 1.6% during the third quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after buying an additional 246 shares in the last quarter. Claro Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after acquiring an additional 249 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of First Trust Low Duration Opportunities ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after purchasing an additional 386 shares in the last quarter. Pinnacle Family Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 4.3% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after purchasing an additional 391 shares in the last quarter. Finally, Holistic Financial Partners raised its holdings in First Trust Low Duration Opportunities ETF by 2.9% in the 3rd quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock worth $737,000 after purchasing an additional 419 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $48.52 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The business has a 50 day simple moving average of $48.71 and a 200-day simple moving average of $48.88.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.