Nilsine Partners LLC Sells 121,620 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Nilsine Partners LLC lowered its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 95.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,215 shares of the company’s stock after selling 121,620 shares during the period. Nilsine Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $27,000. Scarborough Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $64,000. Harbor Investment Advisory LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 26.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock worth $104,000 after acquiring an additional 445 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 46.8% during the first quarter. Pinnacle Bancorp Inc. now owns 2,685 shares of the company’s stock worth $130,000 after acquiring an additional 856 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 1,405.7% during the fourth quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock worth $180,000 after acquiring an additional 3,472 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS traded down $0.05 during trading hours on Tuesday, reaching $47.59. The stock had a trading volume of 237,581 shares, compared to its average volume of 510,854. The stock has a 50 day simple moving average of $48.01 and a 200 day simple moving average of $47.87. First Trust Low Duration Opportunities ETF has a 12-month low of $46.58 and a 12-month high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a $0.175 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Tuesday, April 23rd.

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.