Stephens Inc. AR Sells 195,848 Shares of First Trust Low Duration Opportunities ETF $LMBS

Stephens Inc. AR reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 54.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 162,743 shares of the company’s stock after selling 195,848 shares during the period. Stephens Inc. AR’s holdings in First Trust Low Duration Opportunities ETF were worth $8,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Berger Financial Group Inc lifted its position in shares of First Trust Low Duration Opportunities ETF by 6.9% in the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after purchasing an additional 72,760 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 3.3% in the first quarter. Walkner Condon Financial Advisors LLC now owns 434,819 shares of the company’s stock valued at $21,658,000 after purchasing an additional 13,892 shares in the last quarter. NBT Bank N A NY increased its stake in First Trust Low Duration Opportunities ETF by 14,386.0% in the 1st quarter. NBT Bank N A NY now owns 7,243 shares of the company’s stock valued at $361,000 after buying an additional 7,193 shares during the last quarter. Private Advisor Group LLC increased its stake in First Trust Low Duration Opportunities ETF by 7.2% in the 1st quarter. Private Advisor Group LLC now owns 584,447 shares of the company’s stock valued at $29,111,000 after buying an additional 39,466 shares during the last quarter. Finally, Patten Group Inc. lifted its position in First Trust Low Duration Opportunities ETF by 3.0% during the 1st quarter. Patten Group Inc. now owns 39,293 shares of the company’s stock worth $1,957,000 after buying an additional 1,134 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS traded down $0.12 during mid-day trading on Tuesday, hitting $49.72. The company had a trading volume of 189,103 shares, compared to its average volume of 564,442. The firm has a 50-day simple moving average of $49.82 and a two-hundred day simple moving average of $50.00. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 4.1%.

About First Trust Low Duration Opportunities ETF

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.