BlueChip Wealth Advisors LLC Sells 6,598 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

BlueChip Wealth Advisors LLC lessened its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 19.5% during the fourth quarter, Holdings Channel reports. The fund owned 27,197 shares of the company’s stock after selling 6,598 shares during the period. BlueChip Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,324,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock worth $451,139,000 after acquiring an additional 708,645 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth $149,264,000. Commonwealth Equity Services LLC boosted its position in First Trust Low Duration Opportunities ETF by 31.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 822,928 shares of the company’s stock valued at $40,052,000 after buying an additional 194,923 shares during the period. Clearwater Capital Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 10.5% during the fourth quarter. Clearwater Capital Advisors LLC now owns 723,979 shares of the company’s stock valued at $35,236,000 after buying an additional 68,712 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 94.9% in the fourth quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock worth $22,100,000 after buying an additional 221,157 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.15 on Friday. The stock has a 50-day moving average of $48.92 and a 200-day moving average of $48.91. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, March 27th.

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.