Stifel Financial Corp Trims Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Stifel Financial Corp reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 30.3% in the 3rd quarter, Holdings Channel reports. The fund owned 604,729 shares of the company’s stock after selling 262,455 shares during the period. Stifel Financial Corp’s holdings in First Trust Low Duration Opportunities ETF were worth $29,880,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares during the last quarter. Brookstone Capital Management boosted its stake in First Trust Low Duration Opportunities ETF by 2,052.6% in the 2nd quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after buying an additional 449,249 shares during the last quarter. Long Run Wealth Advisors LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $10,901,000. Financial Enhancement Group LLC grew its holdings in First Trust Low Duration Opportunities ETF by 87.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock valued at $21,258,000 after buying an additional 206,322 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 449.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after acquiring an additional 199,575 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

Shares of LMBS stock opened at $49.07 on Monday. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The firm’s 50-day simple moving average is $48.90 and its 200-day simple moving average is $48.77.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%.

First Trust Low Duration Opportunities ETF Company 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.