Prospera Financial Services Inc Sells 16,309 Shares of First Trust Low Duration Opportunities ETF $LMBS

Prospera Financial Services Inc cut its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 434,569 shares of the company’s stock after selling 16,309 shares during the period. Prospera Financial Services Inc’s holdings in First Trust Low Duration Opportunities ETF were worth $21,734,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $26,000. Hazlett Burt & Watson Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 160.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the period. Flagship Harbor Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at $69,000. Pinnacle Bancorp Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock valued at $187,000 after purchasing an additional 450 shares during the period. Finally, Commonwealth Financial Services LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at $202,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

NASDAQ:LMBS opened at $49.66 on Friday. The company has a 50-day moving average of $49.92 and a 200-day moving average of $50.04. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, May 21st.

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.