Bellevue Asset Management LLC Sells 1,119 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Bellevue Asset Management LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,487 shares of the company’s stock after selling 1,119 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 0.4% of Bellevue Asset Management LLC’s portfolio, making the stock its 25th largest position. Bellevue Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LMBS. Commonwealth Equity Services LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 9.1% during the second quarter. Commonwealth Equity Services LLC now owns 680,966 shares of the company’s stock worth $32,720,000 after purchasing an additional 56,528 shares in the last quarter. IFG Advisory LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 39.1% during the second quarter. IFG Advisory LLC now owns 17,458 shares of the company’s stock worth $839,000 after purchasing an additional 4,909 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 13.1% during the second quarter. Concurrent Investment Advisors LLC now owns 704,129 shares of the company’s stock worth $33,833,000 after purchasing an additional 81,638 shares in the last quarter. WMG Financial Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $276,000. Finally, Boston Financial Mangement LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 16.1% during the second quarter. Boston Financial Mangement LLC now owns 79,280 shares of the company’s stock worth $3,809,000 after purchasing an additional 11,008 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.0 %

Shares of NASDAQ LMBS traded down $0.02 during midday trading on Friday, reaching $49.04. 314,308 shares of the stock were exchanged, compared to its average volume of 465,356. The business has a 50-day simple moving average of $48.67 and a two-hundred day simple moving average of $48.26. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $49.92.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Wednesday, August 21st.

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.