Vestmark Advisory Solutions Inc. Sells 44,447 Shares of First Trust Low Duration Opportunities ETF $LMBS

Vestmark Advisory Solutions Inc. trimmed its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,913 shares of the company’s stock after selling 44,447 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.48% of First Trust Low Duration Opportunities ETF worth $28,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TrueWealth Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 3.7% during the 4th quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock worth $290,000 after acquiring an additional 209 shares during the last quarter. Condor Capital Management grew its position in First Trust Low Duration Opportunities ETF by 0.4% during the 3rd quarter. Condor Capital Management now owns 50,896 shares of the company’s stock worth $2,534,000 after acquiring an additional 228 shares during the last quarter. Lion Street Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 5.7% during the 3rd quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock worth $222,000 after acquiring an additional 236 shares during the last quarter. Valley Financial Group Inc. grew its position in First Trust Low Duration Opportunities ETF by 1.9% during the 3rd quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock worth $663,000 after acquiring an additional 246 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in First Trust Low Duration Opportunities ETF by 5.5% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,870 shares of the company’s stock worth $292,000 after acquiring an additional 307 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.62 on Friday. The stock’s 50 day simple moving average is $49.93 and its 200 day simple moving average is $50.04. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, May 21st.

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.