Cerity Partners LLC Boosts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Cerity Partners LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 24.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 382,949 shares of the company’s stock after purchasing an additional 75,143 shares during the period. Cerity Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $18,922,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LMBS. Farther Finance Advisors LLC increased its holdings in First Trust Low Duration Opportunities ETF by 1.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after acquiring an additional 246 shares in the last quarter. City Holding Co. increased its stake in shares of First Trust Low Duration Opportunities ETF by 0.7% in the second quarter. City Holding Co. now owns 40,370 shares of the company’s stock worth $1,939,000 after purchasing an additional 300 shares in the last quarter. Waterloo Capital L.P. raised its position in shares of First Trust Low Duration Opportunities ETF by 6.5% during the 2nd quarter. Waterloo Capital L.P. now owns 5,827 shares of the company’s stock valued at $280,000 after purchasing an additional 358 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of First Trust Low Duration Opportunities ETF by 1.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after buying an additional 386 shares in the last quarter. Finally, Holistic Financial Partners boosted its holdings in First Trust Low Duration Opportunities ETF by 2.9% in the 3rd quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock worth $737,000 after buying an additional 419 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

Shares of LMBS stock opened at $48.76 on Tuesday. The stock has a fifty day simple moving average of $49.00 and a two-hundred day simple moving average of $48.72. 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

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, November 21st.

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.