Stratos Investment Management LLC Cuts Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Stratos Investment Management LLC lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,331 shares of the company’s stock after selling 1,690 shares during the period. Stratos Investment Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Riggs Asset Managment Co. Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth about $76,000. Prospera Private Wealth LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth about $79,000. Harbor Investment Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 23.4% in the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth about $203,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $48.81 on Thursday. The business has a 50-day simple moving average of $48.70 and a two-hundred day simple moving average of $48.89. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.