Wedbush Securities Inc. Decreases Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wedbush Securities Inc. reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,336 shares of the company’s stock after selling 5,626 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock worth $17,273,000 after buying an additional 6,854 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in First Trust Low Duration Opportunities ETF by 18.1% in the third quarter. Orion Portfolio Solutions LLC now owns 47,108 shares of the company’s stock valued at $2,328,000 after acquiring an additional 7,203 shares during the last quarter. Continuum Advisory LLC boosted its stake in First Trust Low Duration Opportunities ETF by 53.8% in the third quarter. Continuum Advisory LLC now owns 35,767 shares of the company’s stock valued at $1,741,000 after acquiring an additional 12,505 shares during the last quarter. Insight Inv LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 14.7% during the 3rd quarter. Insight Inv LLC now owns 11,695 shares of the company’s stock valued at $578,000 after acquiring an additional 1,500 shares during the period. Finally, Brown Financial Advisors purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $2,613,000.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

First Trust Low Duration Opportunities ETF stock opened at $49.35 on Friday. The business’s 50 day simple moving average is $48.98 and its 200 day simple moving average is $48.90. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.13%.

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.