Csenge Advisory Group has expanded its investment in the First Trust Low Duration Opportunities ETF (NASDAQ: LMBS) by 4.3% during the third quarter of 2023. According to its latest 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 768,104 shares of the ETF, having purchased an additional 31,611 shares during this period. This increase brings the total value of Csenge’s holdings in the ETF to approximately $38.24 million, making it the ninth largest position in the firm’s portfolio, accounting for 1.8% of its total investments.
Several other institutional investors have also made notable adjustments to their holdings in the First Trust Low Duration Opportunities ETF. Bank of America Corp DE raised its stake by 18.0% during the second quarter, resulting in ownership of 1,630,521 shares valued at $80.32 million after acquiring an additional 248,784 shares. Similarly, Raymond James Financial Inc. increased its holdings by 5.4%, now owning 3,595,511 shares with a total value of $177.12 million following an acquisition of 185,249 shares.
Vestmark Advisory Solutions Inc. significantly more than doubled its position in the ETF, increasing its holdings by 104.0% to reach 363,206 shares valued at $17.89 million. Geneos Wealth Management Inc. also made a considerable investment, boosting its stake by 139.4% to 305,634 shares worth $15.06 million. Osaic Holdings Inc. rounded out these updates with a 26.0% increase in its holdings, now possessing 850,960 shares valued at $41.93 million.
Performance of First Trust Low Duration Opportunities ETF
As of the latest trading session, shares of the First Trust Low Duration Opportunities ETF opened at $50.22. The fund’s 50-day moving average stands at $50.03, while the 200-day moving average is $49.77. Over the past year, the ETF has experienced a low of $48.37 and a high of $51.98.
The First Trust Low Duration Opportunities ETF, launched on November 4, 2014, is designed to track the Bloomberg U.S. MBS Index. This actively managed fund focuses on a diverse array of mortgage-backed securities, targeting a duration of less than three years, making it a strategic option for investors seeking lower risk profiles in a volatile market.
For those interested in tracking insider trades and institutional holdings in the First Trust Low Duration Opportunities ETF, resources such as HoldingsChannel.com provide detailed insights into the latest 13F filings and market activities.
