First Trust Low Duration Opportunities ETF $LMBS Stock Sold by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC reduced its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 323,800 shares of the company’s stock after selling 12,570 shares during the quarter. First Trust Low Duration Opportunities ETF comprises approximately 3.2% of Fairvoy Private Wealth LLC’s holdings, making the stock its 5th largest holding. Fairvoy Private Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $15,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Enhancement Group LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $26,082,000. Royal Bank of Canada raised its stake in First Trust Low Duration Opportunities ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after purchasing an additional 372,725 shares in the last quarter. Commonwealth Financial Services LLC raised its stake in First Trust Low Duration Opportunities ETF by 7,161.8% during the first quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock valued at $14,646,000 after purchasing an additional 289,982 shares in the last quarter. Searcy Financial Services Inc. ADV purchased a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at $11,924,000. Finally, Bank of America Corp DE lifted its position in First Trust Low Duration Opportunities ETF by 11.9% during the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after purchasing an additional 212,258 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock traded up $0.01 during trading on Monday, hitting $48.74. 695,284 shares of the company’s stock traded hands, compared to its average volume of 573,255. First Trust Low Duration Opportunities ETF has a 52 week low of $47.60 and a 52 week high of $51.98. The business has a fifty day simple moving average of $49.15 and a 200 day simple moving average of $49.57.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.17 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%.

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.