Rehmann Capital Advisory Group Cuts Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Rehmann Capital Advisory Group trimmed its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,018 shares of the company’s stock after selling 1,285 shares during the period. Rehmann Capital Advisory Group’s holdings in First Trust Low Duration Opportunities ETF were worth $1,134,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TFB Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 10.9% during the second quarter. TFB Advisors LLC now owns 19,745 shares of the company’s stock valued at $973,000 after purchasing an additional 1,944 shares during the last quarter. Patten Group Inc. lifted its position in First Trust Low Duration Opportunities ETF by 4.3% during the second quarter. Patten Group Inc. now owns 41,085 shares of the company’s stock valued at $2,024,000 after purchasing an additional 1,711 shares during the last quarter. Brookstone Capital Management lifted its position in First Trust Low Duration Opportunities ETF by 0.9% during the second quarter. Brookstone Capital Management now owns 441,694 shares of the company’s stock valued at $21,758,000 after purchasing an additional 3,817 shares during the last quarter. Divergent Planning LLC bought a new position in First Trust Low Duration Opportunities ETF during the second quarter valued at $812,000. Finally, Elevation Capital Advisory LLC lifted its position in First Trust Low Duration Opportunities ETF by 266.1% during the second quarter. Elevation Capital Advisory LLC now owns 32,869 shares of the company’s stock valued at $1,619,000 after purchasing an additional 23,890 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.2%

LMBS stock opened at $50.04 on Thursday. First Trust Low Duration Opportunities ETF has a 52 week low of $48.32 and a 52 week high of $50.25. The company has a fifty day simple moving average of $49.80 and a two-hundred day simple moving average of $49.30.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 21st will be issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, October 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.