First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. lowered its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 29.2% during the third quarter, Holdings Channel.com reports. The firm owned 27,043 shares of the company’s stock after selling 11,177 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CX Institutional purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $28,000. Financial Network Wealth Advisors LLC purchased a new position in First Trust Low Duration Opportunities ETF in the third quarter worth approximately $29,000. Creekmur Asset Management LLC grew its holdings in First Trust Low Duration Opportunities ETF by 497.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 160.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $50.43 on Friday. The stock’s fifty day moving average is $50.09 and its two-hundred day moving average is $49.91. First Trust Low Duration Opportunities ETF has a 1-year low of $48.37 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.