IFP Advisors Inc reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,349 shares of the company’s stock after selling 24,819 shares during the quarter. IFP Advisors Inc owned 0.21% of First Trust Low Duration Opportunities ETF worth $13,458,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kinetic Wealth Investment Advisors LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $460,000. Citadel Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter worth approximately $6,829,000. Kirkwood Financial Services bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $6,337,000. Ameritas Advisory Services LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 58.5% during the second quarter. Ameritas Advisory Services LLC now owns 165,085 shares of the company’s stock valued at $8,218,000 after buying an additional 60,927 shares during the last quarter. Finally, Kintra Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $1,082,000.
First Trust Low Duration Opportunities ETF Trading Down 0.0%
Shares of First Trust Low Duration Opportunities ETF stock opened at $49.48 on Wednesday. The stock has a fifty day simple moving average of $49.60 and a 200 day simple moving average of $49.82. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.
First Trust Low Duration Opportunities ETF Dividend Announcement
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.
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