Friedenthal Financial Sells 87,418 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Friedenthal Financial lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 60.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,415 shares of the company’s stock after selling 87,418 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 1.6% of Friedenthal Financial’s investment portfolio, making the stock its 16th largest position. Friedenthal Financial owned approximately 0.06% of First Trust Low Duration Opportunities ETF worth $2,794,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hershey Financial Advisers LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $30,000. Riggs Asset Managment Co. Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $76,000. Prospera Private Wealth LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $79,000. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 23.4% in 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 period. Finally, Zions Bancorporation N.A. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $192,000.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of NASDAQ:LMBS traded down $0.04 during trading on Monday, hitting $48.39. 366,905 shares of the company’s stock traded hands, compared to its average volume of 688,705. The company has a 50-day moving average price of $48.73 and a 200-day moving average price of $48.86. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%.

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.