Vestmark Advisory Solutions Inc. Reduces Stake in First Trust Low Duration Opportunities ETF $LMBS

Vestmark Advisory Solutions Inc. lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 560,913 shares of the company’s stock after selling 44,447 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $28,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $26,000. Hazlett Burt & Watson Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 160.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 400 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $69,000. Pinnacle Bancorp Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock worth $187,000 after buying an additional 450 shares during the period. Finally, Commonwealth Financial Services LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $202,000.

First Trust Low Duration Opportunities ETF Trading Down 0.2%

NASDAQ LMBS opened at $49.62 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The stock has a 50 day simple moving average of $49.93 and a two-hundred day simple moving average of $50.04.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, May 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.