EWG Elevate Inc. Reduces Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

EWG Elevate Inc. cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 36.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 228,577 shares of the company’s stock after selling 129,824 shares during the period. First Trust Low Duration Opportunities ETF accounts for about 3.4% of EWG Elevate Inc.’s investment portfolio, making the stock its 6th largest holding. EWG Elevate Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $11,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hershey Financial Advisers LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at $76,000. Prospera Private Wealth LLC bought a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at $79,000. Pinnacle Bancorp Inc. raised its stake in First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares in the last quarter. Finally, Zions Bancorporation N.A. bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $192,000.

First Trust Low Duration Opportunities ETF Stock Down 0.2 %

LMBS opened at $48.43 on Monday. The firm’s 50-day simple moving average is $48.73 and its 200-day simple moving average is $48.86. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Low Duration Opportunities ETF Company 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.