Pine Valley Investments Ltd Liability Co Has $2.23 Million Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Pine Valley Investments Ltd Liability Co reduced its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,140 shares of the company’s stock after selling 1,179 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Low Duration Opportunities ETF were worth $2,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth approximately $44,000. Brookstone Capital Management increased its stake in shares of First Trust Low Duration Opportunities ETF by 2,052.6% in the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after acquiring an additional 449,249 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $306,000. Genesee Capital Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at $214,000. Finally, Raymond James & Associates grew its stake in First Trust Low Duration Opportunities ETF by 1.3% in the second quarter. Raymond James & Associates now owns 763,874 shares of the company’s stock valued at $36,704,000 after purchasing an additional 10,148 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.00 on Friday. The business has a 50 day simple moving average of $48.88 and a 200 day simple moving average of $48.79. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, November 21st.

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.