Lunt Capital Management Inc. Has $6.07 Million Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Lunt Capital Management Inc. raised its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,832 shares of the company’s stock after purchasing an additional 4,695 shares during the period. First Trust Low Duration Opportunities ETF makes up approximately 2.8% of Lunt Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Lunt Capital Management Inc. owned 0.13% of First Trust Low Duration Opportunities ETF worth $6,069,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LMBS. LPL Financial LLC raised 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 purchasing an additional 550,017 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2,052.6% during the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after buying an additional 449,249 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of 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 worth $38,604,000 after buying an additional 427,232 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 449.3% during the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock worth $12,056,000 after buying an additional 199,575 shares in the last quarter. Finally, First International Bank & Trust acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $9,657,000.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of NASDAQ:LMBS opened at $48.76 on Monday. The company has a fifty day moving average of $49.20 and a 200-day moving average of $48.58. 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 business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.18%.

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.