Prospera Financial Services Inc Sells 70,075 Shares of First Trust Low Duration Opportunities ETF $LMBS

Prospera Financial Services Inc cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,337 shares of the company’s stock after selling 70,075 shares during the quarter. Prospera Financial Services Inc owned about 0.42% of First Trust Low Duration Opportunities ETF worth $21,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Abbot Financial Management Inc. lifted its position in First Trust Low Duration Opportunities ETF by 0.9% during the first quarter. Abbot Financial Management Inc. now owns 28,918 shares of the company’s stock valued at $1,422,000 after buying an additional 259 shares during the period. Chicago Partners Investment Group LLC lifted its position in First Trust Low Duration Opportunities ETF by 1.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 29,114 shares of the company’s stock valued at $1,431,000 after acquiring an additional 310 shares during the period. Towerpoint Wealth LLC lifted its position in First Trust Low Duration Opportunities ETF by 2.0% during the 2nd quarter. Towerpoint Wealth LLC now owns 17,580 shares of the company’s stock valued at $866,000 after acquiring an additional 350 shares during the period. Axxcess Wealth Management LLC boosted its stake in First Trust Low Duration Opportunities ETF by 1.6% during the first quarter. Axxcess Wealth Management LLC now owns 22,111 shares of the company’s stock worth $1,087,000 after acquiring an additional 352 shares in the last quarter. Finally, Platform Technology Partners grew its holdings in First Trust Low Duration Opportunities ETF by 5.5% in the first quarter. Platform Technology Partners now owns 7,827 shares of the company’s stock worth $385,000 after purchasing an additional 407 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

LMBS stock opened at $49.97 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $48.32 and a twelve month high of $50.25. The business has a 50 day moving average of $49.91 and a 200 day moving average of $49.40.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, October 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 4.1%.

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.