First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 65.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,812 shares of the company’s stock after selling 13,121 shares during the quarter. Sowell Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LMBS. Wagner Wealth Management Corp boosted its position in shares of First Trust Low Duration Opportunities ETF by 8.7% in the 3rd quarter. Wagner Wealth Management Corp now owns 38,742 shares of the company’s stock valued at $1,877,000 after purchasing an additional 3,090 shares during the period. Prime Capital Investment Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 7.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 36,620 shares of the company’s stock worth $1,775,000 after purchasing an additional 2,450 shares in the last quarter. Commonwealth Financial Services LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $328,000. Smithbridge Asset Management Inc. DE acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $242,000. Finally, Novem Group raised its holdings in First Trust Low Duration Opportunities ETF by 30.0% during the 3rd quarter. Novem Group now owns 7,220 shares of the company’s stock worth $350,000 after buying an additional 1,667 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

LMBS stock opened at $48.79 on Tuesday. First Trust Low Duration Opportunities ETF has a one year low of $47.60 and a one year high of $51.98. The firm has a 50-day moving average of $49.06 and a two-hundred day moving average of $49.71.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%.

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.