RFG Advisory LLC Sells 2,259 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

RFG Advisory LLC lessened its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 14.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,153 shares of the company’s stock after selling 2,259 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NBC Securities Inc. raised its stake in First Trust Low Duration Opportunities ETF by 1.2% during the 4th quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock valued at $947,000 after purchasing an additional 233 shares during the period. Abbot Financial Management Inc. raised its stake in First Trust Low Duration Opportunities ETF by 1.3% during the 4th quarter. Abbot Financial Management Inc. now owns 18,937 shares of the company’s stock valued at $915,000 after purchasing an additional 238 shares during the period. City Holding Co. raised its stake in First Trust Low Duration Opportunities ETF by 0.7% during the 2nd quarter. City Holding Co. now owns 40,370 shares of the company’s stock valued at $1,939,000 after purchasing an additional 300 shares during the period. Insight Inv LLC increased its stake in First Trust Low Duration Opportunities ETF by 5.2% in the 1st quarter. Insight Inv LLC now owns 7,470 shares of the company’s stock worth $360,000 after acquiring an additional 370 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter worth approximately $25,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS traded up $0.02 during trading hours on Monday, reaching $48.94. The stock had a trading volume of 277,027 shares, compared to its average volume of 463,438. First Trust Low Duration Opportunities ETF has a 52 week low of $46.58 and a 52 week high of $49.92. The company has a 50 day moving average price of $48.44 and a two-hundred day moving average price of $48.18.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, July 23rd.

About First Trust Low Duration Opportunities ETF

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.