Apollon Wealth Management LLC Raises Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Apollon Wealth Management LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.5% in the 3rd quarter, Holdings Channel reports. The fund owned 28,895 shares of the company’s stock after acquiring an additional 1,770 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,428,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMBS. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $30,000. Hilltop National Bank purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter worth approximately $42,000. Chris Bulman Inc purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $43,000. Triad Wealth Partners LLC bought a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $44,000. Finally, Strategic Financial Concepts LLC bought a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $53,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.67 on Friday. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The company’s fifty day moving average is $49.11 and its two-hundred day moving average is $48.66.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $2.04 annualized dividend 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.