Prime Capital Investment Advisors LLC Reduces Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Prime Capital Investment Advisors LLC lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,052 shares of the company’s stock after selling 5,832 shares during the period. Prime Capital Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,357,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global Assets Advisory LLC lifted its stake in First Trust Low Duration Opportunities ETF by 4,688.2% during the 1st quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after acquiring an additional 1,263,932 shares during the period. LPL Financial LLC lifted its stake in First Trust Low Duration Opportunities ETF by 7.8% during the 2nd quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after acquiring an additional 550,017 shares during the period. Trilogy Capital Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 2,194.1% during the 1st quarter. Trilogy Capital Inc. now owns 471,010 shares of the company’s stock valued at $22,726,000 after acquiring an additional 450,479 shares during the period. Brookstone Capital Management lifted its stake in First Trust Low Duration Opportunities ETF by 2,052.6% during the 2nd quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after acquiring an additional 449,249 shares during the period. Finally, Cetera Investment Advisers lifted its stake in First Trust Low Duration Opportunities ETF by 114.6% during the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after acquiring an additional 427,232 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $49.47 on Tuesday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $49.92. The company has a 50 day simple moving average of $48.92 and a two-hundred day simple moving average of $48.36.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.12%. The ex-dividend date was Wednesday, August 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.