EdgeRock Capital LLC Decreases Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

EdgeRock Capital LLC reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,278 shares of the company’s stock after selling 5,932 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 4.3% of EdgeRock Capital LLC’s investment portfolio, making the stock its 7th largest holding. EdgeRock Capital LLC owned approximately 0.14% of First Trust Low Duration Opportunities ETF worth $6,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter valued at approximately $47,000. 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 purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $79,000. Kestra Investment Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $127,000. Finally, Marshall Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth $131,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.88 on Tuesday. The firm has a fifty day moving average price of $48.66 and a 200 day moving average price of $48.90. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, February 21st.

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.