Freedom Investment Management Inc. Sells 808 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Freedom Investment Management Inc. lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.7% during the 4th quarter, Holdings Channel reports. The fund owned 5,108 shares of the company’s stock after selling 808 shares during the period. Freedom Investment Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth $47,000. Riggs Asset Managment Co. Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after buying an additional 250 shares during the last quarter. Synergy Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $116,000. Kestra Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $127,000. Finally, Marshall Investment Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $131,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $48.72 on Wednesday. The company has a 50 day moving average of $49.00 and a two-hundred day moving average of $48.84. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.19%. The ex-dividend date is Tuesday, April 22nd.

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.