Midwest Financial Group LLC Decreases Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Midwest Financial Group LLC trimmed its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 51.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,860 shares of the company’s stock after selling 47,255 shares during the period. First Trust Low Duration Opportunities ETF accounts for 1.3% of Midwest Financial Group LLC’s holdings, making the stock its 23rd biggest position. Midwest Financial Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Synergy Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $116,000. Marshall Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $131,000. Tucker Asset Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 46.3% in the fourth quarter. Tucker Asset Management LLC now owns 2,792 shares of the company’s stock worth $136,000 after buying an additional 884 shares in the last quarter. Parallel Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter worth about $183,000. Finally, Novem Group purchased a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $203,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.16 on Friday. The company’s 50-day moving average price is $48.92 and its 200-day moving average price is $48.87. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, May 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.