First Trust Low Duration Opportunities ETF $LMBS Stock Sold by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC lowered its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 75.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,998 shares of the company’s stock after selling 50,077 shares during the quarter. Hidden Cove Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $775,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada raised its position in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after buying an additional 372,725 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Low Duration Opportunities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after acquiring an additional 171,648 shares during the last quarter. Bank of America Corp DE boosted its holdings in First Trust Low Duration Opportunities ETF by 11.9% during the 1st quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after acquiring an additional 212,258 shares during the last quarter. First Trust Advisors LP boosted its holdings in First Trust Low Duration Opportunities ETF by 15.1% during the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after acquiring an additional 199,426 shares during the last quarter. Finally, Berger Financial Group Inc grew its stake in shares of First Trust Low Duration Opportunities ETF by 6.9% in the 1st quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after acquiring an additional 72,760 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS traded up $0.01 during trading on Monday, hitting $48.74. The stock had a trading volume of 695,284 shares, compared to its average volume of 573,255. The firm has a fifty day moving average of $49.14 and a two-hundred day moving average of $49.56. First Trust Low Duration Opportunities ETF has a 12 month low of $47.60 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.04 annualized dividend and a yield of 4.2%.

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.