SSI Investment Management LLC Decreases Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

SSI Investment Management LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,106 shares of the company’s stock after selling 37,598 shares during the period. SSI Investment Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $4,872,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LMBS. Raymond James Financial Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $149,264,000. LPL Financial LLC lifted its position in First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after purchasing an additional 929,010 shares during the last quarter. Fairvoy Private Wealth LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $11,777,000. Atria Investments Inc boosted its stake in shares of First Trust Low Duration Opportunities ETF by 801.6% during the fourth quarter. Atria Investments Inc now owns 270,059 shares of the company’s stock valued at $13,144,000 after purchasing an additional 240,106 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 94.9% in the fourth quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock worth $22,100,000 after purchasing an additional 221,157 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

NASDAQ:LMBS opened at $49.11 on Tuesday. The company has a fifty day moving average of $48.80 and a 200 day moving average of $48.91. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Friday, February 21st.

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.