Prime Capital Investment Advisors LLC Has $2.21 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Prime Capital Investment Advisors LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 44,765 shares of the company’s stock after selling 4,287 shares during the period. Prime Capital Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,212,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Hershey Financial Advisers LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at $30,000. Hilltop National Bank purchased a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $42,000. Chris Bulman Inc bought a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $43,000. Triad Wealth Partners LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at $44,000. Finally, Strategic Financial Concepts LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at $53,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $48.74 on Thursday. The business has a 50-day simple moving average of $49.12 and a two-hundred day simple moving average of $48.66. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a 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.