Berger Financial Group Inc Has $52.74 Million Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Berger Financial Group Inc increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,054,929 shares of the company’s stock after acquiring an additional 43,188 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 3.1% of Berger Financial Group Inc’s holdings, making the stock its 6th largest holding. Berger Financial Group Inc owned about 0.92% of First Trust Low Duration Opportunities ETF worth $52,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $26,000. CX Institutional purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $28,000. Financial Network Wealth Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $29,000. Hazlett Burt & Watson Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after buying an additional 400 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $69,000.

First Trust Low Duration Opportunities ETF Trading Up 0.2%

Shares of LMBS opened at $50.18 on Friday. The company has a 50-day moving average of $50.11 and a two-hundred day moving average of $50.06. First Trust Low Duration Opportunities ETF has a one year low of $48.45 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.