Wealthcare Advisory Partners LLC Reduces Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wealthcare Advisory Partners LLC lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,709 shares of the company’s stock after selling 660 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Financial Advisory LLC grew its stake in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after acquiring an additional 754 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock valued at $6,626,000 after purchasing an additional 11,362 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% in the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after purchasing an additional 249 shares during the period. TFB Advisors LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 13.8% in the third quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock worth $657,000 after buying an additional 1,613 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in First Trust Low Duration Opportunities ETF by 5.0% during the second quarter. AE Wealth Management LLC now owns 281,809 shares of the company’s stock valued at $13,541,000 after buying an additional 13,378 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $48.72 on Friday. The stock’s 50-day simple moving average is $48.71 and its two-hundred day simple moving average is $48.87. 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 business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date 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.