Apollon Wealth Management LLC Has $2.78 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Apollon Wealth Management LLC increased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,128 shares of the company’s stock after buying an additional 28,233 shares during the period. Apollon Wealth Management LLC owned 0.06% of First Trust Low Duration Opportunities ETF worth $2,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 3rd 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 lifted its holdings in First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after acquiring an additional 249 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in First Trust Low Duration Opportunities ETF by 1.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after purchasing an additional 386 shares during the last quarter. Finally, Pinnacle Family Advisors LLC grew its stake in 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 during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

NASDAQ LMBS opened at $48.76 on Monday. The business’s fifty day moving average is $48.69 and its 200-day moving average is $48.89. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, January 22nd.

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.