Hamilton Wealth LLC Trims Stake in First Trust Low Duration Opportunities ETF $LMBS

Hamilton Wealth LLC lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 69.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,165 shares of the company’s stock after selling 38,616 shares during the period. Hamilton Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CX Institutional bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $29,000. Hollencrest Capital Management bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth $31,000. Hazlett Burt & Watson Inc. grew its position in First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter worth $67,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $50.00 on Monday. The stock’s 50-day simple moving average is $50.21 and its two-hundred day simple moving average is $50.03. First Trust Low Duration Opportunities ETF has a twelve month low of $48.37 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 4.1%.

First Trust Low Duration Opportunities ETF Company 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.