First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by StoneX Group Inc.

StoneX Group Inc. trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 44,773 shares of the company’s stock after selling 5,359 shares during the quarter. StoneX Group Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $2,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 11.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock valued at $100,808,000 after buying an additional 206,876 shares during the last quarter. Global Assets Advisory LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 4,688.2% in the first quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after purchasing an additional 1,263,932 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $60,773,000. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 11.0% in the first quarter. Commonwealth Equity Services LLC now owns 624,438 shares of the company’s stock valued at $30,129,000 after purchasing an additional 61,713 shares during the period. Finally, Financial Enhancement Group LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 68.4% in the fourth quarter. Financial Enhancement Group LLC now owns 568,483 shares of the company’s stock valued at $27,492,000 after purchasing an additional 230,895 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

Shares of LMBS traded up $0.16 during mid-day trading on Friday, reaching $48.27. The stock had a trading volume of 490,845 shares, compared to its average volume of 448,029. First Trust Low Duration Opportunities ETF has a 52-week low of $46.58 and a 52-week high of $48.55. The business’s fifty day moving average is $48.08 and its 200 day moving average is $48.12.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust Low Duration Opportunities ETF Profile

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.