Kingsview Wealth Management LLC Trims Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Kingsview Wealth Management LLC trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 188,581 shares of the company’s stock after selling 9,626 shares during the period. Kingsview Wealth Management LLC owned 0.18% of First Trust Low Duration Opportunities ETF worth $9,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creekmur Asset Management LLC lifted its holdings in shares of 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 during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the second quarter worth approximately $46,000. SouthState Corp purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter worth approximately $82,000. Daymark Wealth Partners LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $208,000. Finally, Rathbones Group PLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at $209,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $49.96 on Monday. The business has a fifty day simple moving average of $49.94 and a 200-day simple moving average of $49.45. First Trust Low Duration Opportunities ETF has a 52 week low of $48.32 and a 52 week high of $50.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.