LexAurum Advisors LLC Sells 3,251 Shares of First Trust Low Duration Opportunities ETF $LMBS

LexAurum Advisors LLC lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,274 shares of the company’s stock after selling 3,251 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 1.2% of LexAurum Advisors LLC’s holdings, making the stock its 18th largest position. LexAurum Advisors LLC owned approximately 0.15% of First Trust Low Duration Opportunities ETF worth $7,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SouthState Corp bought a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $82,000. Rossby Financial LCC bought a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $87,000. Parallel Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $183,000. Clarity Capital Partners LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $203,000. Finally, Rathbones Group PLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $209,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $49.74 on Tuesday. First Trust Low Duration Opportunities ETF has a twelve month low of $48.32 and a twelve month high of $50.25. The stock’s 50 day moving average is $49.58 and its 200-day moving average is $49.21.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 25th will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, September 25th.

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.