First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) is EWG Elevate Inc.’s 4th Largest Position

EWG Elevate Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,384 shares of the company’s stock after purchasing an additional 12,373 shares during the period. First Trust Low Duration Opportunities ETF comprises about 3.7% of EWG Elevate Inc.’s holdings, making the stock its 4th biggest holding. EWG Elevate Inc. owned 0.21% of First Trust Low Duration Opportunities ETF worth $8,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its position in First Trust Low Duration Opportunities ETF by 27.7% during the first quarter. First Trust Advisors LP now owns 2,740,946 shares of the company’s stock valued at $134,169,000 after buying an additional 594,694 shares during the period. Stephens Inc. AR increased its position in First Trust Low Duration Opportunities ETF by 174.4% in the 1st quarter. Stephens Inc. AR now owns 803,324 shares of the company’s stock worth $38,455,000 after purchasing an additional 510,529 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,615,572 shares of the company’s stock worth $125,207,000 after purchasing an additional 456,269 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 7.5% during the 1st quarter. LPL Financial LLC now owns 6,023,175 shares of the company’s stock valued at $288,329,000 after acquiring an additional 421,934 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at about $20,038,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $47.59 on Tuesday. The business’s 50-day simple moving average is $47.61 and its 200-day simple moving average is $47.81. First Trust Low Duration Opportunities ETF has a 52 week low of $46.62 and a 52 week high of $48.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were issued a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, August 22nd.

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.