Stenger Family Office LLC Takes Position in First Trust Low Duration Opportunities ETF $LMBS

Stenger Family Office LLC bought a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 53,103 shares of the company’s stock, valued at approximately $2,645,000.

Other hedge funds have also made changes to their positions in the company. Certified Advisory Corp boosted its position in First Trust Low Duration Opportunities ETF by 3.2% in the first quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after buying an additional 200 shares in the last quarter. TrueWealth Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 3.7% during the fourth quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock worth $290,000 after buying an additional 209 shares in the last quarter. Valley Financial Group Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 1.9% in the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after acquiring an additional 246 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 9.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 4,100 shares of the company’s stock worth $204,000 after acquiring an additional 350 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.0%

LMBS stock opened at $49.60 on Thursday. The business has a fifty day moving average price of $49.80 and a 200 day moving average price of $49.99. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.17 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend 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.