First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,206 shares of the company’s stock after selling 256 shares during the period. First Trust Low Duration Opportunities ETF accounts for about 1.0% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. SignalPoint Asset Management LLC owned about 0.08% of First Trust Low Duration Opportunities ETF worth $3,347,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Prostatis Group LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $25,000. WealthPLAN Partners LLC bought a new stake in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $42,000. Gradient Investments LLC raised its holdings in First Trust Low Duration Opportunities ETF by 242.1% during the second quarter. Gradient Investments LLC now owns 992 shares of the company’s stock worth $47,000 after purchasing an additional 702 shares in the last quarter. Nordwand Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter valued at $52,000. Finally, Bessemer Group Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $57,000.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

Shares of First Trust Low Duration Opportunities ETF stock traded up $0.04 on Tuesday, hitting $47.63. 41,732 shares of the company traded hands, compared to its average volume of 651,359. The company has a 50-day moving average price of $47.61 and a 200 day moving average price of $47.81. First Trust Low Duration Opportunities ETF has a 12-month low of $46.62 and a 12-month high of $48.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Tuesday, August 22nd.

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.