Inspirion Wealth Advisors LLC Has $20.06 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Inspirion Wealth Advisors LLC lowered its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 414,101 shares of the company’s stock after selling 10,537 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 2.8% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 13th largest holding. Inspirion Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $20,063,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Towerpoint Wealth LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Towerpoint Wealth LLC now owns 16,682 shares of the company’s stock worth $812,000 after purchasing an additional 471 shares during the period. Park Avenue Securities LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 13.4% during the fourth quarter. Park Avenue Securities LLC now owns 47,545 shares of the company’s stock worth $2,314,000 after purchasing an additional 5,603 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $247,000. 626 Financial LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 3.1% during the fourth quarter. 626 Financial LLC now owns 16,136 shares of the company’s stock worth $785,000 after purchasing an additional 485 shares during the period. Finally, Capital CS Group LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 6.2% during the fourth quarter. Capital CS Group LLC now owns 8,085 shares of the company’s stock worth $393,000 after purchasing an additional 469 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

NASDAQ:LMBS opened at $48.70 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The stock has a 50-day simple moving average of $48.72 and a 200 day simple moving average of $48.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%.

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.