Global Retirement Partners LLC Lowers Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Global Retirement Partners LLC lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,857 shares of the company’s stock after selling 988 shares during the period. Global Retirement Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LMBS. LPL Financial LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Fairvoy Private Wealth LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $11,777,000. Long Run Wealth Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $10,901,000. Financial Enhancement Group LLC increased its position in shares of 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 purchasing an additional 206,322 shares during the last quarter. Finally, Bellevue Asset Management LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 922.8% during the 3rd quarter. Bellevue Asset Management LLC now owns 168,632 shares of the company’s stock valued at $8,332,000 after purchasing an additional 152,145 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.2 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.84 on Friday. The business’s 50-day moving average price is $48.65 and its 200-day moving average price is $48.90. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, February 21st. This represents a $2.04 annualized dividend 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.