First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. decreased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,155 shares of the company’s stock after selling 1,751 shares during the quarter. Stockman Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $738,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LMBS. Farmers & Merchants Investments Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at approximately $47,000. Riggs Asset Managment Co. Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $76,000. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $79,000. Harbor Investment Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF by 20.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after purchasing an additional 611 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

NASDAQ:LMBS opened at $48.76 on Friday. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The company’s fifty day moving average price is $48.69 and its 200-day moving average price is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.17 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.