Insight Inv LLC Cuts Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Insight Inv LLC decreased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,765 shares of the company’s stock after selling 2,930 shares during the period. Insight Inv LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Hershey Financial Advisers LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter worth about $30,000. Riggs Asset Managment Co. Inc. purchased a new stake 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 valued at approximately $79,000. Harbor Investment Advisory LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after purchasing an additional 459 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in 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 worth $159,000 after buying an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

First Trust Low Duration Opportunities ETF stock opened at $48.54 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The business’s 50-day simple moving average is $48.70 and its two-hundred day simple moving average is $48.88.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.17 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%.

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.