Park Avenue Securities LLC Cuts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Park Avenue Securities LLC lowered its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,406 shares of the company’s stock after selling 1,014 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $1,258,000. Aaron Wealth Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 47.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 267,307 shares of the company’s stock valued at $12,916,000 after purchasing an additional 85,415 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in First Trust Low Duration Opportunities ETF by 26.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock valued at $104,000 after purchasing an additional 445 shares during the last quarter. Cerity Partners LLC lifted its position in First Trust Low Duration Opportunities ETF by 60.2% in the fourth quarter. Cerity Partners LLC now owns 213,928 shares of the company’s stock valued at $10,337,000 after purchasing an additional 80,405 shares during the last quarter. Finally, PFS Partners LLC lifted its position in First Trust Low Duration Opportunities ETF by 2.1% in the fourth quarter. PFS Partners LLC now owns 152,544 shares of the company’s stock valued at $7,371,000 after purchasing an additional 3,120 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock traded down $0.02 during midday trading on Wednesday, reaching $48.95. 656,473 shares of the company’s stock traded hands, compared to its average volume of 462,708. The stock has a 50 day moving average of $48.38 and a 200-day moving average of $48.17. First Trust Low Duration Opportunities ETF has a 12 month low of $46.58 and a 12 month high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%.

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.