Wealthcare Advisory Partners LLC Cuts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wealthcare Advisory Partners LLC lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,709 shares of the company’s stock after selling 660 shares during the period. Wealthcare Advisory Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,030,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $30,000. Riggs Asset Managment Co. Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $76,000. Prospera Private Wealth LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $79,000. Pinnacle Bancorp Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after buying an additional 611 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $203,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.72 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The stock’s 50-day simple moving average is $48.71 and its 200 day simple moving average is $48.87.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Friday, December 13th.

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.