Spire Wealth Management Sells 20,419 Shares of First Trust Low Duration Opportunities ETF $LMBS

Spire Wealth Management cut its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 75.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,728 shares of the company’s stock after selling 20,419 shares during the period. Spire Wealth Management’s holdings in First Trust Low Duration Opportunities ETF were worth $331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $46,000. SouthState Corp bought a new stake in First Trust Low Duration Opportunities ETF during the 1st quarter worth about $82,000. Daymark Wealth Partners LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $208,000. Rathbones Group PLC bought a new stake in First Trust Low Duration Opportunities ETF during the 1st quarter worth about $209,000. Finally, Parallel Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 15.9% during the 2nd quarter. Parallel Advisors LLC now owns 4,323 shares of the company’s stock worth $213,000 after buying an additional 593 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.93 on Monday. The company’s 50-day moving average price is $49.87 and its two-hundred day moving average price is $49.37. First Trust Low Duration Opportunities ETF has a one year low of $48.32 and a one year high of $50.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

First Trust Low Duration Opportunities ETF Company 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.