Nations Financial Group Inc. IA ADV Trims Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Nations Financial Group Inc. IA ADV reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,792 shares of the company’s stock after selling 647 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in First Trust Low Duration Opportunities ETF were worth $1,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMBS. Y.D. More Investments Ltd bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $27,000. Harbor Investment Advisory LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 26.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock valued at $104,000 after acquiring an additional 445 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF by 1,405.7% in the 4th quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock valued at $180,000 after acquiring an additional 3,472 shares during the last quarter. CWM LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 17.1% in the 4th quarter. CWM LLC now owns 4,658 shares of the company’s stock valued at $225,000 after acquiring an additional 679 shares during the last quarter. Finally, OneAscent Financial Services LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 7.7% in the 4th quarter. OneAscent Financial Services LLC now owns 4,669 shares of the company’s stock valued at $226,000 after acquiring an additional 334 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

LMBS traded up $0.02 during midday trading on Friday, reaching $47.91. 246,382 shares of the company’s stock traded hands, compared to its average volume of 472,286. The firm has a fifty day moving average of $47.96 and a two-hundred day moving average of $48.00. First Trust Low Duration Opportunities ETF has a 52 week low of $46.58 and a 52 week high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be given a $0.175 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Tuesday, May 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.