Diversify Advisory Services LLC Has $365,000 Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Diversify Advisory Services LLC trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,546 shares of the company’s stock after selling 1,047 shares during the period. Diversify Advisory Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LMBS. International Assets Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $1,258,000. Harbor Investment Advisory LLC lifted its position in shares of 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 buying an additional 445 shares during the last quarter. Cerity Partners LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 60.2% during the fourth quarter. Cerity Partners LLC now owns 213,928 shares of the company’s stock worth $10,337,000 after purchasing an additional 80,405 shares during the period. Capital Analysts LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 1.8% during the fourth quarter. Capital Analysts LLC now owns 39,007 shares of the company’s stock worth $1,885,000 after purchasing an additional 683 shares during the period. Finally, Imprint Wealth LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 9.2% during the fourth quarter. Imprint Wealth LLC now owns 37,788 shares of the company’s stock worth $1,826,000 after purchasing an additional 3,174 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS traded up $0.04 during trading hours on Friday, reaching $48.92. 304,888 shares of the stock were exchanged, compared to its average volume of 464,657. The stock’s fifty day simple moving average is $48.44 and its 200 day simple moving average is $48.18. First Trust Low Duration Opportunities ETF has a 52 week low of $46.58 and a 52 week high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, July 23rd.

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.