Obermeyer Wood Investment Counsel Lllp Decreases Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Obermeyer Wood Investment Counsel Lllp lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 326,471 shares of the company’s stock after selling 11,602 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in First Trust Low Duration Opportunities ETF were worth $15,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMBS. Imprint Wealth LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 36,994.3% in the 2nd quarter. Imprint Wealth LLC now owns 1,590,605 shares of the company’s stock worth $159,060,000 after acquiring an additional 1,586,317 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $60,773,000. First Trust Advisors LP boosted its holdings in First Trust Low Duration Opportunities ETF by 27.7% in the 1st quarter. First Trust Advisors LP now owns 2,740,946 shares of the company’s stock worth $134,169,000 after acquiring an additional 594,694 shares during the period. Financial Enhancement Group LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 68.4% in the 4th quarter. Financial Enhancement Group LLC now owns 568,483 shares of the company’s stock worth $27,492,000 after acquiring an additional 230,895 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 11.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock worth $100,808,000 after acquiring an additional 206,876 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock traded down $0.05 on Thursday, hitting $47.73. 472,438 shares of the company’s stock traded hands, compared to its average volume of 532,107. The firm’s 50-day moving average is $48.10 and its 200 day moving average is $47.83. First Trust Low Duration Opportunities ETF has a 52-week low of $46.58 and a 52-week high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.175 dividend. This represents a $2.10 annualized dividend and a yield of 4.40%. The ex-dividend date was Thursday, March 21st.

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.