626 Financial LLC Sells 393 Shares of First Trust Low Duration Opportunities ETF $LMBS

626 Financial LLC cut its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,640 shares of the company’s stock after selling 393 shares during the period. 626 Financial LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $770,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp bought a new position in First Trust Low Duration Opportunities ETF in the first quarter worth approximately $82,000. Rossby Financial LCC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the first quarter worth approximately $87,000. Clarity Capital Partners LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth $203,000. Rathbones Group PLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $209,000. Finally, Parallel Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 15.9% in 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 during the period.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.86 on Tuesday. First Trust Low Duration Opportunities ETF has a 1-year low of $48.32 and a 1-year high of $50.25. The company’s fifty day moving average price is $49.65 and its two-hundred day moving average price is $49.24.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) annualized dividend 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.