Kovack Advisors Inc. Cuts Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Kovack Advisors Inc. trimmed its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 16.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,874 shares of the company’s stock after selling 1,141 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter worth about $30,000. Hilltop National Bank bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $42,000. Chris Bulman Inc purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $43,000. Triad Wealth Partners LLC bought a new position in First Trust Low Duration Opportunities ETF during the second quarter valued at $44,000. Finally, GAMMA Investing LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth $62,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of NASDAQ LMBS opened at $48.64 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The business’s fifty day moving average price is $49.10 and its 200-day moving average price is $48.66.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Tuesday, October 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.