Core Insights - Friedenthal Financial purchased 89,706 shares of First Trust Low Duration Opportunities ETF (NASDAQ: LMBS) for an estimated value of $4.48 million based on quarterly average pricing [1][2] - The transaction increased the value of Friedenthal's stake in LMBS by approximately $4.50 million at quarter-end, factoring in both the new shares and market price changes [2] ETF Overview - First Trust Low Duration Opportunities ETF (LMBS) has a market capitalization of $5.73 billion and aims to provide current income and capital preservation through investments in mortgage-related securities [6] - As of January 26, 2026, the ETF's share price was $50.09, reflecting a 7.4% increase over the past year, but underperforming the S&P 500 by 10.2 percentage points [6] - The ETF offers an annualized dividend yield of 4.07% and is currently 3.6% below its 52-week high [6] Investment Strategy - The fund's strategy involves allocating at least 60% of its assets to mortgage-related debt securities, including residential and commercial mortgage-backed securities [7] - The portfolio is actively managed to optimize duration and credit exposure, providing daily liquidity and a competitive expense profile for investors seeking low-duration fixed income [7][8] Portfolio Adjustments - Friedenthal Financial's latest 13F filing revealed a reduction in total positions from 266 to 251, with a significant increase in LMBS holdings while reducing stakes in other top holdings such as ITOT, SCHA, and IJH [9]

Core Viewpoint - The First Trust Low Duration Opportunities ETF focuses on income generation and capital preservation through a diversified portfolio of mortgage-backed securities [1][8]. Fund Performance and Holdings - Walkner Condon Financial Advisors LLC increased its holdings in the ETF by 80,543 shares during Q4, valued at approximately $4.03 million, raising the fund's total position to $21.04 million, an increase of $4.09 million from the previous period [2]. - As of January 20, 2026, the ETF's shares were priced at $50.15, reflecting a 7.28% increase over the past year, underperforming the S&P 500 by 7.5 percentage points [5][6]. - The ETF's assets under management (AUM) stand at $5.71 billion, with a dividend yield of 4.07% [6]. Investment Strategy - The ETF is designed to provide exposure to a diversified portfolio of mortgage-related securities while maintaining a low duration profile, with a weighted average net effective duration of about 2.5 years [9][12]. - The fund allocates at least 60% of its assets to mortgage-related debt securities, targeting investors seeking stable income and reduced interest rate sensitivity compared to traditional longer-duration bond funds [12]. Investor Implications - The ETF holds over 1,000 mortgage-related securities, making it suitable for investors with shorter investment horizons or those looking to diversify their portfolios [9]. - The recent addition by Walkner Condon, while modest, may indicate confidence in the ETF's ability to generate income and achieve capital appreciation [10].