Friedenthal Financial Has $4.19 Million Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Friedenthal Financial reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 49.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,162 shares of the company’s stock after selling 81,024 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 2.1% of Friedenthal Financial’s holdings, making the stock its 15th biggest position. Friedenthal Financial owned approximately 0.07% of First Trust Low Duration Opportunities ETF worth $4,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMBS. RFG Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 136.5% during the first quarter. RFG Advisory LLC now owns 120,237 shares of the company’s stock worth $5,989,000 after purchasing an additional 69,392 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in First Trust Low Duration Opportunities ETF by 90.4% in the first quarter. Centennial Wealth Advisory LLC now owns 250,985 shares of the company’s stock valued at $12,502,000 after purchasing an additional 119,195 shares in the last quarter. Faithward Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 8.1% in the 1st quarter. Faithward Advisors LLC now owns 18,004 shares of the company’s stock valued at $897,000 after buying an additional 1,356 shares during the last quarter. Certified Advisory Corp increased its stake in First Trust Low Duration Opportunities ETF by 3.2% in the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock valued at $321,000 after buying an additional 200 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. lifted its position in First Trust Low Duration Opportunities ETF by 27.8% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 37,545 shares of the company’s stock worth $1,870,000 after buying an additional 8,171 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.94 on Thursday. The firm has a 50-day moving average of $49.87 and a 200-day moving average of $50.01. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, May 21st.

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.