First Trust Low Duration Opportunities ETF $LMBS Shares Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 15.0% during the third quarter, Holdings Channel.com reports. The firm owned 201,857 shares of the company’s stock after purchasing an additional 26,257 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for about 1.2% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 19th largest position. Redhawk Wealth Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $10,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Creekmur Asset Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 497.2% during the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after buying an additional 527 shares during the period. Hollencrest Capital Management acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $31,000. Barnes Dennig Private Wealth Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $46,000. Asset Dedication LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $67,000. Finally, Y.D. More Investments Ltd raised its holdings in shares of First Trust Low Duration Opportunities ETF by 133.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,596 shares of the company’s stock valued at $78,000 after purchasing an additional 913 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

First Trust Low Duration Opportunities ETF stock opened at $49.99 on Friday. The company has a fifty day simple moving average of $50.00 and a 200-day simple moving average of $49.63. First Trust Low Duration Opportunities ETF has a 12-month low of $48.32 and a 12-month high of $50.25.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, December 12th.

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.