Northwest Wealth Management LLC Sells 806 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Northwest Wealth Management LLC cut its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 15.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,256 shares of the company’s stock after selling 806 shares during the quarter. Northwest Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LMBS. Raymond James Financial Services Advisors Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after buying an additional 10,854 shares in the last quarter. Global Assets Advisory LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 4,688.2% in the first quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after purchasing an additional 1,263,932 shares during the last quarter. Cetera Investment Advisers increased its stake in First Trust Low Duration Opportunities ETF by 114.6% in the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after buying an additional 427,232 shares during the last quarter. Raymond James & Associates increased its position in shares of First Trust Low Duration Opportunities ETF by 1.3% in the second quarter. Raymond James & Associates now owns 763,874 shares of the company’s stock valued at $36,704,000 after acquiring an additional 10,148 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 13.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 704,129 shares of the company’s stock worth $33,833,000 after purchasing an additional 81,638 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $49.31 on Friday. The firm has a 50-day moving average of $48.77 and a 200-day moving average of $48.30. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $49.92.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Wednesday, August 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.