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. As revealed in its latest 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 768,104 shares of the ETF, having acquired an additional 31,611 shares during this period. This position represents approximately 1.8% of Csenge Advisory Group’s total investment portfolio, making it the firm’s ninth-largest holding.
The value of Csenge Advisory Group’s holdings in the First Trust Low Duration Opportunities ETF is estimated at approximately $38,244,000 as of the end of the third quarter. The ETF focuses on investing in mortgage-backed securities, aiming for a target duration of less than three years.
Several other institutional investors have also adjusted their positions in the ETF recently. Bank of America Corp DE increased its stake by 18.0% in the second quarter, acquiring an additional 248,784 shares. Following this acquisition, the bank now owns 1,630,521 shares, valued at about $80,319,000.
Raymond James Financial Inc. raised its holdings by 5.4%, now holding 3,595,511 shares worth approximately $177,115,000 after acquiring an additional 185,249 shares in the same quarter. Vestmark Advisory Solutions Inc. made a significant move, increasing its position by 104.0% with a total of 363,206 shares, valued at $17,892,000 after purchasing 185,184 shares.
Geneos Wealth Management Inc. also boosted its investment significantly, raising its position by 139.4% during the second quarter. The firm now owns 305,634 shares, valued at around $15,056,000, after acquiring an additional 177,987 shares. Additionally, Osaic Holdings Inc. increased its holdings by 26.0%, resulting in ownership of 850,960 shares valued at approximately $41,928,000.
Current Stock Performance and ETF Overview
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 its 200-day moving average is at $49.77. The ETF has recorded a one-year low of $48.37 and a one-year high of $51.98.
The First Trust Low Duration Opportunities ETF was launched on November 4, 2014, and is actively managed by First Trust, focusing on a diverse range of mortgage-backed securities. This strategy is designed to provide investors with lower interest rate risk while pursuing attractive yield opportunities.
For those interested in tracking institutional investments in this ETF, HoldingsChannel.com offers updated information on 13F filings and insider trades related to the First Trust Low Duration Opportunities ETF (NASDAQ: LMBS).
