Central Pacific Bank Trust Division Decreases Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Central Pacific Bank Trust Division lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,460 shares of the company’s stock after selling 21,690 shares during the quarter. Central Pacific Bank Trust Division’s holdings in First Trust Low Duration Opportunities ETF were worth $1,726,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $30,000. Chris Bulman Inc acquired a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at about $43,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $53,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $76,000. Finally, Prospera Private Wealth LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $79,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded down $0.07 during mid-day trading on Friday, hitting $48.60. 376,358 shares of the stock were exchanged, compared to its average volume of 420,680. The firm’s fifty day moving average is $48.75 and its two-hundred day moving average is $48.85. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, December 13th.

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.