Capital Investment Counsel LLC Cuts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Capital Investment Counsel LLC trimmed its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 56.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,220 shares of the company’s stock after selling 10,794 shares during the quarter. Capital Investment Counsel LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $400,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares during the period. Long Run Wealth Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $10,901,000. Financial Enhancement Group LLC raised its stake in First Trust Low Duration Opportunities ETF by 87.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock valued at $21,258,000 after buying an additional 206,322 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 449.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after buying an additional 199,575 shares during the period. Finally, First International Bank & Trust purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $9,657,000.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

First Trust Low Duration Opportunities ETF stock opened at $48.69 on Wednesday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The stock has a fifty day moving average of $48.70 and a 200 day moving average of $48.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. The ex-dividend date 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.