Wealth Effects LLC Reduces Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Wealth Effects LLC lessened its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,902 shares of the company’s stock after selling 500 shares during the quarter. Wealth Effects LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $487,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $116,000. Tucker Asset Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 46.3% during the 4th quarter. Tucker Asset Management LLC now owns 2,792 shares of the company’s stock worth $136,000 after buying an additional 884 shares during the last quarter. Parallel Advisors LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 1st quarter worth approximately $183,000. Novem Group purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $203,000. Finally, AdvisorNet Financial Inc grew its stake in First Trust Low Duration Opportunities ETF by 162.7% during the 1st quarter. AdvisorNet Financial Inc now owns 4,379 shares of the company’s stock worth $215,000 after buying an additional 2,712 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $49.33 on Thursday. The stock’s 50 day moving average price is $48.95 and its 200 day moving average price is $48.87. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.14%.

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.