Wealth Effects LLC Has $506,000 Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wealth Effects LLC reduced its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 33.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,402 shares of the company’s stock after selling 5,118 shares during the quarter. Wealth Effects LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $506,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth about $30,000. Riggs Asset Managment Co. Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $76,000. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $79,000. Harbor Investment Advisory LLC boosted its position in 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 valued at $134,000 after buying an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake 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.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.60 on Tuesday. The business has a fifty day moving average of $48.70 and a 200-day moving average of $48.89. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

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

About First Trust Low Duration Opportunities ETF

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.