Truist Financial Corp Cuts Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Truist Financial Corp decreased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.6% in the third quarter, HoldingsChannel reports. The fund owned 246,848 shares of the company’s stock after selling 14,598 shares during the quarter. Truist Financial Corp’s holdings in First Trust Low Duration Opportunities ETF were worth $12,291,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CX Institutional purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $28,000. Financial Network Wealth Advisors LLC acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $29,000. Creekmur Asset Management LLC raised its stake in First Trust Low Duration Opportunities ETF by 497.2% in the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the last quarter. Hollencrest Capital Management acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $46,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $50.17 on Friday. The firm’s 50-day moving average price is $50.05 and its 200-day moving average price is $49.84. First Trust Low Duration Opportunities ETF has a 52-week low of $48.37 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.