Sargent Investment Group LLC Decreases Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Sargent Investment Group LLC decreased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,125 shares of the company’s stock after selling 2,810 shares during the quarter. Sargent Investment Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $30,000. Hilltop National Bank purchased a new position in First Trust Low Duration Opportunities ETF during the second quarter worth about $42,000. Chris Bulman Inc purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $43,000. Triad Wealth Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $44,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth approximately $53,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock traded up $0.01 during mid-day trading on Thursday, hitting $48.75. 174,980 shares of the stock were exchanged, compared to its average volume of 474,556. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The stock’s fifty day simple moving average is $49.11 and its two-hundred day simple moving average is $48.66.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.04 annualized dividend and a yield of 4.18%.

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.