Cetera Investment Advisers Increases Holdings in First Trust Low Duration Opportunities ETF $LMBS

Cetera Investment Advisers raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,841,616 shares of the company’s stock after purchasing an additional 128,743 shares during the period. Cetera Investment Advisers’ holdings in First Trust Low Duration Opportunities ETF were worth $90,718,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 11.2% in the first quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock worth $167,648,000 after acquiring an additional 343,406 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 996,316 shares of the company’s stock worth $48,979,000 after buying an additional 173,388 shares in the last quarter. Berger Financial Group Inc lifted its stake in shares of First Trust Low Duration Opportunities ETF by 2.1% in the second quarter. Berger Financial Group Inc now owns 991,200 shares of the company’s stock worth $48,827,000 after acquiring an additional 20,827 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 970,436 shares of the company’s stock valued at $47,804,000 after acquiring an additional 41,990 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Low Duration Opportunities ETF by 13.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 796,139 shares of the company’s stock worth $39,138,000 after purchasing an additional 93,675 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

LMBS stock opened at $49.96 on Friday. The firm has a fifty day moving average price of $49.94 and a two-hundred day moving average price of $49.45. First Trust Low Duration Opportunities ETF has a 1-year low of $48.32 and a 1-year high of $50.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, October 21st were given a $0.17 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 4.1%.

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.