Dynamic Advisor Solutions LLC Has $421,000 Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Dynamic Advisor Solutions LLC trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,651 shares of the company’s stock after selling 865 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $30,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter worth $76,000. Prospera Private Wealth LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at $79,000. Harbor Investment Advisory LLC raised its position in First Trust Low Duration Opportunities ETF by 20.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after buying an additional 459 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 23.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

NASDAQ:LMBS opened at $48.60 on Tuesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The stock’s 50-day moving average is $48.70 and its two-hundred day moving average is $48.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.