Inspirion Wealth Advisors LLC Purchases 148,744 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Inspirion Wealth Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 53.9% during the third quarter, Holdings Channel reports. The firm owned 424,638 shares of the company’s stock after acquiring an additional 148,744 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 2.9% of Inspirion Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Inspirion Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $20,981,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LMBS. Global Assets Advisory LLC boosted its position in First Trust Low Duration Opportunities ETF by 4,688.2% during the 1st quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after acquiring an additional 1,263,932 shares in the last quarter. LPL Financial LLC grew its stake in First Trust Low Duration Opportunities ETF by 7.8% in the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after purchasing an additional 550,017 shares during the period. Trilogy Capital Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 2,194.1% in the first quarter. Trilogy Capital Inc. now owns 471,010 shares of the company’s stock worth $22,726,000 after purchasing an additional 450,479 shares in the last quarter. Brookstone Capital Management raised its holdings in First Trust Low Duration Opportunities ETF by 2,052.6% in the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after purchasing an additional 449,249 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in First Trust Low Duration Opportunities ETF by 114.6% during the first quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after buying an additional 427,232 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.4 %

Shares of NASDAQ:LMBS traded down $0.18 during midday trading on Friday, reaching $49.14. The company’s stock had a trading volume of 721,814 shares, compared to its average volume of 473,752. The firm has a 50 day moving average of $49.17 and a 200-day moving average of $48.48. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Thursday, September 26th.

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.