ERn Financial LLC Has $13.28 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

ERn Financial LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 274,545 shares of the company’s stock after selling 10,912 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 2.5% of ERn Financial LLC’s portfolio, making the stock its 9th largest holding. ERn Financial LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $13,277,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UBS Group AG raised its stake in shares of First Trust Low Duration Opportunities ETF by 0.9% during the third quarter. UBS Group AG now owns 3,697,931 shares of the company’s stock valued at $174,690,000 after acquiring an additional 32,461 shares during the last quarter. First Trust Advisors LP raised its stake in shares of First Trust Low Duration Opportunities ETF by 27.7% during the first quarter. First Trust Advisors LP now owns 2,740,946 shares of the company’s stock valued at $134,169,000 after acquiring an additional 594,694 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 11.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock valued at $100,808,000 after acquiring an additional 206,876 shares during the last quarter. Imprint Wealth LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 36,994.3% during the second quarter. Imprint Wealth LLC now owns 1,590,605 shares of the company’s stock valued at $159,060,000 after acquiring an additional 1,586,317 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of First Trust Low Duration Opportunities ETF by 3.4% during the third quarter. Stifel Financial Corp now owns 1,152,215 shares of the company’s stock valued at $54,430,000 after acquiring an additional 37,604 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS traded down $0.07 during midday trading on Friday, hitting $48.25. 344,053 shares of the stock traded hands, compared to its average volume of 493,086. The business’s 50 day moving average is $48.19 and its two-hundred day moving average is $47.78. First Trust Low Duration Opportunities ETF has a one year low of $46.58 and a one year high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, March 21st.

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.