First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 24.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 152,785 shares of the company’s stock after selling 49,850 shares during the period. Mutual Advisors LLC owned approximately 0.13% of First Trust Low Duration Opportunities ETF worth $7,638,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LMBS. Palisade Asset Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $26,000. CX Institutional purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $28,000. Financial Network Wealth Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $29,000. Hazlett Burt & Watson Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 400 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $69,000.

First Trust Low Duration Opportunities ETF Trading Down 0.0%

NASDAQ:LMBS opened at $49.85 on Friday. The stock has a fifty day moving average price of $50.04 and a 200 day moving average price of $50.06. First Trust Low Duration Opportunities ETF has a 12-month low of $48.45 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, April 21st.

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.