Miracle Mile Advisors LLC Has $19.53 Million Position in First Trust Low Duration Opportunities ETF (LMBS)

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Miracle Mile Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 25.6% in the first quarter, HoldingsChannel reports. The firm owned 380,792 shares of the company’s stock after acquiring an additional 77,570 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 1.6% of Miracle Mile Advisors LLC’s holdings, making the stock its 15th largest position. Miracle Mile Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $19,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. M Holdings Securities Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 139.9% in the fourth quarter. M Holdings Securities Inc. now owns 15,255 shares of the company’s stock valued at $779,000 after acquiring an additional 8,895 shares in the last quarter. Castle Rock Wealth Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 108.4% in the fourth quarter. Castle Rock Wealth Management LLC now owns 22,436 shares of the company’s stock valued at $1,148,000 after buying an additional 11,668 shares during the last quarter. SSI Investment Management Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 42.3% in the fourth quarter. SSI Investment Management Inc. now owns 137,260 shares of the company’s stock valued at $7,007,000 after buying an additional 40,788 shares during the last quarter. Financial Advocates Investment Management raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.7% in the fourth quarter. Financial Advocates Investment Management now owns 23,527 shares of the company’s stock valued at $315,000 after buying an additional 1,271 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 47.7% in the fourth quarter. BB&T Securities LLC now owns 147,436 shares of the company’s stock valued at $7,526,000 after buying an additional 47,630 shares during the last quarter.

Shares of NASDAQ:LMBS opened at $51.45 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $50.78 and a one year high of $51.48.

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were issued a $0.1175 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.74%.

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Want to see what other hedge funds are holding LMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS).

Institutional Ownership by Quarter for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

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