Sowell Financial Services LLC decreased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 63.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,349 shares of the company’s stock after selling 12,584 shares during the period. Sowell Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $356,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter worth about $35,000. Coppell Advisory Solutions LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter worth approximately $49,000. NI Acquisitions Company LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $67,000. Finally, NBT Bank N.A. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $69,000.
First Trust Low Duration Opportunities ETF Stock Up 0.0%
Shares of LMBS opened at $49.01 on Wednesday. The stock’s fifty day simple moving average is $48.95 and its 200 day simple moving average is $49.67. First Trust Low Duration Opportunities ETF has a twelve month low of $47.60 and a twelve month high of $51.98.
First Trust Low Duration Opportunities ETF Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, October 21st were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 21st.
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.
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