Northeast Planning Associates INC. has made a significant investment by acquiring a new stake in the First Trust Low Duration Opportunities ETF (NASDAQ: LMBS) during the first quarter of 2024. According to HoldingsChannel, the firm purchased 49,306 shares valued at approximately $2.42 million. This investment now represents 2.0% of Northeast Planning Associates’ total holdings, marking it as their 12th largest position.
Other hedge funds have also adjusted their positions in the First Trust Low Duration Opportunities ETF. Notably, LPL Financial LLC increased its stake by 8.3% in the fourth quarter, acquiring an additional 708,645 shares. LPL Financial now holds a total of 9,269,354 shares, with a market value of approximately $451.14 million.
Similarly, Wells Fargo & Company MN and Royal Bank of Canada also raised their investments in LMBS. Wells Fargo boosted its holdings by 2.8%, now owning 4,853,287 shares valued at around $236.21 million. Royal Bank of Canada increased its stake by 1.9%, bringing its total to 2,738,978 shares worth about $133.31 million.
Additionally, Cetera Investment Advisers made a notable increase of 75.1% in its holdings, now owning 1,724,201 shares valued at approximately $83.92 million. First Trust Advisors LP also slightly increased its stake by 0.5% in the same quarter.
The First Trust Low Duration Opportunities ETF experienced a slight increase of 0.1% on its most recent trading day, opening at $49.25. The ETF has a fifty-day moving average of $49.03 and a 200-day moving average of $48.93. Over the past year, it has fluctuated between a low of $45.06 and a high of $51.49.
The First Trust Low Duration Opportunities ETF, launched on November 4, 2014, is an actively managed fund that invests in a diverse array of mortgage-backed securities with a target duration of under three years. It is based on the Bloomberg U.S. MBS index and managed by First Trust.
For more insights into the current holdings and insider trades related to the First Trust Low Duration Opportunities ETF, investors can visit HoldingsChannel.com.
