Petix & Botte Co Purchases 1,639 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Petix & Botte Co grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 462,110 shares of the company’s stock after acquiring an additional 1,639 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 6.6% of Petix & Botte Co’s investment portfolio, making the stock its 4th biggest holding. Petix & Botte Co owned approximately 0.56% of First Trust Low Duration Opportunities ETF worth $22,329,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $60,773,000. Financial Enhancement Group LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 68.4% during the fourth quarter. Financial Enhancement Group LLC now owns 568,483 shares of the company’s stock valued at $27,492,000 after acquiring an additional 230,895 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings 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 in the last quarter. TAP Consulting LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 248.3% during the fourth quarter. TAP Consulting LLC now owns 277,944 shares of the company’s stock worth $13,430,000 after purchasing an additional 198,145 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $7,792,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock traded up $0.01 during midday trading on Monday, reaching $47.90. 469,397 shares of the company’s stock traded hands, compared to its average volume of 505,301. The firm’s fifty day moving average price is $47.99 and its 200-day moving average price is $47.89. First Trust Low Duration Opportunities ETF has a 52 week low of $46.58 and a 52 week high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were given a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, April 23rd.

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.