Key Client Fiduciary Advisors LLC Reduces Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Key Client Fiduciary Advisors LLC reduced its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,540 shares of the company’s stock after selling 1,035 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hershey Financial Advisers LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth $30,000. Riggs Asset Managment Co. Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $76,000. Prospera Private Wealth LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $79,000. Harbor Investment Advisory LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after buying an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.52 on Friday. The company has a fifty day simple moving average of $48.71 and a 200 day simple moving average of $48.88. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%.

First Trust Low Duration Opportunities ETF Company 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.