Gladstone Institutional Advisory LLC Has $675,000 Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Gladstone Institutional Advisory LLC trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,652 shares of the company’s stock after selling 1,463 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 691.6% in the second quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock valued at $745,000 after acquiring an additional 13,569 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock valued at $2,183,000 after buying an additional 1,524 shares during the period. Janney Montgomery Scott LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 265,375 shares of the company’s stock valued at $12,804,000 after buying an additional 33,604 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $53,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after acquiring an additional 11,362 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.2 %

First Trust Low Duration Opportunities ETF stock opened at $48.55 on Monday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The company has a 50 day moving average of $49.17 and a 200-day moving average of $48.61.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, October 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.