First Trust Low Duration Opportunities ETF $LMBS Stock: IMG Wealth Management Inc. Cuts Position

IMG Wealth Management Inc. cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 73.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,738 shares of the company’s stock after selling 27,043 shares during the period. IMG Wealth Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Insight Inv LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 4.1% during the third quarter. Insight Inv LLC now owns 65,489 shares of the company’s stock worth $3,174,000 after acquiring an additional 2,589 shares during the period. Oppenheimer & Co. Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $5,068,000. Park Avenue Securities LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $3,201,000. Leo Wealth LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $381,000. Finally, Kingswood Wealth Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 24.3% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 13,329 shares of the company’s stock valued at $646,000 after purchasing an additional 2,610 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

NASDAQ LMBS opened at $48.80 on Wednesday. First Trust Low Duration Opportunities ETF has a one year low of $47.60 and a one year high of $51.98. The business’s fifty day moving average is $49.03 and its 200-day moving average is $49.70.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.04 annualized dividend and a yield of 4.2%.

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.