First Trust Low Duration Opportunities ETF $LMBS Holdings Cut by Narwhal Capital Management

Narwhal Capital Management decreased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,299 shares of the company’s stock after selling 692 shares during the quarter. Narwhal Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMBS. SouthState Corp bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at $82,000. Rossby Financial LCC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at $87,000. Clarity Capital Partners LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at $203,000. Rathbones Group PLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at $209,000. Finally, Parallel Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 15.9% during the 2nd quarter. Parallel Advisors LLC now owns 4,323 shares of the company’s stock valued at $213,000 after purchasing an additional 593 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.88 on Thursday. The firm’s fifty day simple moving average is $49.67 and its 200-day simple moving average is $49.24. First Trust Low Duration Opportunities ETF has a 1-year low of $48.32 and a 1-year high of $50.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.17 dividend. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

About First Trust Low Duration Opportunities ETF

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.