Migdal Insurance & Financial Holdings Ltd. Sells 2,530 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Migdal Insurance & Financial Holdings Ltd. cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,369 shares of the company’s stock after selling 2,530 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Low Duration Opportunities ETF were worth $4,020,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Beacon Financial Advisory LLC grew its stake in First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after purchasing an additional 754 shares in the last quarter. Farther Finance Advisors LLC grew its stake in First Trust Low Duration Opportunities ETF by 691.6% in the second quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock valued at $745,000 after purchasing an additional 13,569 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in First Trust Low Duration Opportunities ETF by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock valued at $2,183,000 after purchasing an additional 1,524 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $53,000. Finally, Ameritas Investment Partners Inc. grew its stake in First Trust Low Duration Opportunities ETF by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock valued at $6,626,000 after purchasing an additional 11,362 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock remained flat at $48.83 during mid-day trading on Friday. The company’s stock had a trading volume of 436,632 shares, compared to its average volume of 474,413. The stock’s 50 day moving average is $49.13 and its 200 day moving average is $48.63. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.18%.

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.