American Financial Advisors LLC Trims Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

American Financial Advisors LLC lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.9% during the 1st quarter, Holdings Channel reports. The firm owned 343,686 shares of the company’s stock after selling 3,081 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 2.5% of American Financial Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. American Financial Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $16,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of LMBS. Rossby Financial LCC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at about $87,000. Tucker Asset Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 46.3% in the fourth quarter. Tucker Asset Management LLC now owns 2,792 shares of the company’s stock valued at $136,000 after purchasing an additional 884 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $183,000. Novem Group acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $203,000. Finally, Clarity Capital Partners LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $203,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.16 on Friday. The firm has a 50 day simple moving average of $49.01 and a 200-day simple moving average of $48.91. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, June 26th.

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.