Mainsail Financial Group LLC Sells 13,737 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Mainsail Financial Group LLC reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,604 shares of the company’s stock after selling 13,737 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for 1.8% of Mainsail Financial Group LLC’s portfolio, making the stock its 21st biggest holding. Mainsail Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in First Trust Low Duration Opportunities ETF in the fourth quarter worth about $27,000. Scarborough Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $64,000. Harbor Investment Advisory LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 26.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock worth $104,000 after acquiring an additional 445 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 46.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 2,685 shares of the company’s stock valued at $130,000 after acquiring an additional 856 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 1,405.7% in the 4th quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock worth $180,000 after purchasing an additional 3,472 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.11 on Thursday. The stock’s fifty day moving average is $48.05 and its 200 day moving average is $48.12. First Trust Low Duration Opportunities ETF has a one year low of $46.58 and a one year high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, June 27th.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.