Cetera Investment Advisers grew its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 17.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 940,225 shares of the company’s stock after buying an additional 140,132 shares during the period. Cetera Investment Advisers’ holdings in First Trust Low Duration Opportunities ETF were worth $45,178,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Global Assets Advisory LLC increased its position in shares of 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 purchasing an additional 1,263,932 shares during the last quarter. LPL Financial LLC grew its position in First Trust Low Duration Opportunities ETF by 7.8% during the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after acquiring an additional 550,017 shares during the last quarter. Trilogy Capital Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 2,194.1% during the first quarter. Trilogy Capital Inc. now owns 471,010 shares of the company’s stock worth $22,726,000 after acquiring an additional 450,479 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 2,052.6% in the 2nd quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after acquiring an additional 449,249 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 196.2% in the 1st quarter. Cetera Advisors LLC now owns 260,567 shares of the company’s stock valued at $12,572,000 after purchasing an additional 172,593 shares in the last quarter.
First Trust Low Duration Opportunities ETF Trading Up 0.1 %
Shares of NASDAQ:LMBS opened at $49.47 on Wednesday. The company’s fifty day moving average is $49.13 and its 200 day moving average is $48.46. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.
First Trust Low Duration Opportunities ETF Announces Dividend
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.
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